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'Regular' Accounts Drove Bulk of SIP Closures in Feb
Business Standard
|March 28, 2025
Closures Were Higher in Direct Plans in January
While direct plan systematic investment plan (SIP) account closures were behind the net decline in SIP accounts in January, the reverse played out in February.
Regular plan SIP accounts, which are expected to be more resilient to market conditions, shrunk by 0.8 million in February, registering the first monthly decline at least in the last three years.
The total number of active SIP accounts in mutual fund (MF) schemes declined by a million to 101.7 million in February. Regular plan SIP accounts accounted for 80 percent of the net closures.
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