Total net addition of the SIP accounts in the past 12 months is about one crore, forming nearly 25% of the total SIP accounts. New account opening-to-closure ratio was 2.6 in August and remained above two times in each of the past six months. The average ticket size of the SIP investors dropped to ₹2,294 in August 2021 from ₹2,355 a year ago due to the rising contribution of new accounts from the fintech platform where average SIP investment is around ₹500.
Total SIP assets under management (AUM) rose to a record ₹5.3 lakh crore in August. It contributed 14.4% to the industry AUM — well above the long-term average contribution of 10.5%. Mutual funds reported cumulative inflows of ₹1 lakh crore in the past 12 months, driving retail AUM to Rs 17.2 lakh crore, or 47% of total industry AUM. The average portfolio value of SIP investors rose to ₹1,21,839 in August compared with ₹1,14,653 at the beginning of the year.