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Average SIP ticket size rises 2% in May to Rs 2,387

Average SIP ticket size rises 2% in May to Rs 2,387



The average SIP ticket size has increased by 2% on a month-on-month basis to Rs 2,387 in May from Rs 2,341 in April. On a yearly basis, the same increased by 6% from Rs 2,259 in May 2023, according to a report by Geojit Insights.

The SIP inflows in May reached a new milestone and were recorded at Rs 20,904 crore. This was up by 6.6% from the three month average. This marked the 11th consecutive month of inflows above Rs 15,000 crore and the 33rd month of inflows above Rs 10,000 crore.

In May, the new SIP registrations were recorded at 49.7 lakhs, which was down by 4.5% from three month average. The SIP discontinued reached an all time new high and was at 43.96 lakh, up by 69.3% from three month average. This resulted in a net SIP addition of 5.8 lakhs, a multi year low, which was down by 78% from three month average.

The report also mentioned that the SIP accounts reached a new high and stood 8.76 crore, up by 3.9% from the three month average. The active SIP accounts also went up by around 2.23 crore on a year-on-year basis or up 34.2%.

The SIP cancellation ratio also surged up to a new high of 88%. This was higher than 80.7% that it touched in May 2020.

The SIP AUM now stands at Rs 11.53 lakh crore, a new high, up 53.1% on a year on year basis. The SIP AUM reflected 19.6% of the total AUM and 35.1% of open-ended equity oriented AUM.The report also stated that the inflow data broadly shows that monthly SIP inflows and NFOs had a higher contribution to the overall equity oriented fund flows.



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