Systematic Investment Plan or SIP as it is commonly known, is an investment plan (methodology) offered by Mutual Funds wherein one could invest a fixed amount in a mutual fund Scheme periodically at fixed intervals - say once a month instead of making a lump-sum investment. The SIP installment amount could be as small as ₹ 500 per month. SIP is similar to a recurring deposit where you deposit a small /fixed amount every month.

SIP is a very convenient method of investing in mutual funds through standing instructions to debit your bank account every month, without the hassle of having to write out a cheque each  time. 

SIP has been gaining popularity among Indian MF investors, as it helps in Rupee Cost Averaging and also in investing in a disciplined manner without worrying about market volatility and timing the market. 

Month-wise SIP contribution collected from FY 2016-17 onwards are mentioned below:

Month		SIP Contribution ₹ crore
	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20	FY 2018-19	FY 2017-18	FY 2016-17
Total during FY	2,11,027	1,99,219	1,55,972	1,24,566	96,080	1,00,084	92,693	67,190	43,921
March		19,271	14,276	12,328	9,182	8,641	8,055	7,119	4,335
February		19,187	13,686	11,438	7,528	8,513	8,095	6,425	4,050
January		18,838	13,856	11,517	8,023	8,532	8,064	6,644	4,095
December	26,459	17,610	13,573	11,305	8,418	8,518	8,022	6,222	3,973
November	25,320	17,073	13,306	11,005	7,302	8,273	7,985	5,893	3,884
October	25,323	16,928	13,041	10,519	7,800	8,246	7,985	5,621	3,434
September	24,509	16,042	12,976	10,351	7,788	8,263	7,727	5,516	3,698
August	23,547	15,814	12,693	9,923	7,792	8,231	7,658	5,206	3,497
July	23,332	15,245	12,140	9,609	7,831	8,324	7,554	4,947	3,334
Jun	21,262	14,734	12,276	9,156	7,917	8,122	7,554	4,744	3,310
May	20,904	14,749	12,286	8,819	8,123	8,183	7,304	4,584	3,189
April	20,371	13,728	11,863	8,596	8,376	8,238	6,690	4,269	3,122

Details of new SIPs registered and discontinued during FY 24-25 are as under :                                                                                                                                                                                                                                                                                                                  (SIP Count in Lakh)

Month	Total No. of outstanding SIP Accounts	No. of New SIPs registered	No. of SIPs discontinued/ tenure completed	SIP AUM  ₹ crore	SIP Contribution  ₹ crore
Apr 24 -Dec 24	1032.03	538.91	346.58	13,63,137	2,11,027
Dec 24	1032.03	54.27	44.90	13,63,137	26,459
Nov 24	1022.67	49.47	39.14	13,54,105	25,320
Oct 24	1012.34	63.70	38.80	13,30,430	25,323
Sep 24	987.44	66.39	40.31	13,81,704	24,509
Aug 24	961.36	63.94	36.54	13,38,945	23,547
Jul 24	933.96	72.62	37.33	13,09,385	23,332
Jun 24	898.67	55.13	32.35	12,43,792	21,262
May 24	875.89	49.74	43.96	11,52,801	20,904
Apr - 24	870.11	63.65	33.25	11,26,129	20,371
Apr 23 - Mar 24	839.71	428.09	224.37	10,71,666	1,99,219

Have you started investing through SIP?

If not, open a SIP account right away.