Mutual Fund SIP accounts stood at 2.29crore active SIP

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☀ *Mutual Fund SIP accounts stood at 2.29crore active SIP*

*Total Amount collected thru SIP in JUNE 2018 was ₹ 7,554 crore* ☀

*When Modi Govt came to Power in 2014 Monthly SIP collection were around 1500cr and now it's at 7500cr around. It shows Indian Investors confidence in Economy irrespective of what FII's doing in the market*

🖊 Total SIP contribution during FY 18-19 is ₹ 21548 (Apr May Jun)

🖊 As per AMFI , MF industry has added about ₹ 9.83 lacs SIP account each month ( 30lacs SIP in total) on *average during FY 2018-19 with SIP size ₹ 3300 per SIP*

🖊 *MF Industry reaches an all time high average AUM at ₹ 23.57 lakhs crore*

Snippets from AMFI presentation

📍Population of India 134 crore
📍No..of people having Bank Account : *75 cr*.
📍No..of people  Insurance policies : *35 crore*.
📍No..of people having PAN Card  : *29 crore*.
📍No..of Mutual Fund Accounts : *6.6crore*
📍No..of Unique Mutual fund investors : *2 cr*
📍Less than *1.5%* of India population invests in MFs.

Huge SCOPE for Indian Equities in coming 10-15yrs.. Currently in US Mutual Funds AUM is at 150% of Bank Deposits.. Where as in India its at 18% of Bank Deposits..(Good Time is ahead for long term wealth creation. One has to take advantage of Downside market levels to take more exposure in equities)

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