Half of the total SIP accounts in the MF industry have been discontinued in the last financial years, shows IDFC MF Report based on CAMS MFDex data. The data shows that 49% of the total SIP registered were discontinued last financial year.
The report captures CAMS-MFDEx data, which covers 96% of the overall industry.
In FY 2021, individual MFDs have seen the highest SIP ceased to SIP registration ratio at 99. This means that 99 SIP accounts were discontinued for every 100 SIP registration done by MFDs in the previous financial year. In FY 2020, the figure was 95%.
Fintechs and RIAs have the best SIP retention rate, followed by ‘others’ segment which includes corporate, inhouse and overseas distributors.
