Mutual fund SIP stoppages exceed registrations despite inflows hitting record high in March
Indian Express·2h ago·Neutral
What Happened
Mutual fund SIP discontinuations exceeded new registrations in March 2024, with 53.38 lakh stopped versus 52.82 lakh started, creating a stoppage ratio of 101. Despite this, SIP contributions reached record Rs 32,087 crore, up 7.5% month-on-month. Contributing SIP accounts grew 3% to 9.72 crore. Fund managers attribute the divergence to weaker investors exiting during West Asia crisis volatility, while conviction-driven participants increased investments seeing market corrections as opportunities.
Key Entities
Association of Mutual Funds in India (AMFI)Venkat ChalasaniGeorge ThomasQuantum Asset Management CompanySystematic Investment Plans (SIPs)West Asia crisisRs 32,087 crore9.72 crore SIP accounts