New accounts opened via SIPs slacken in June, discontinuity increases

Experts say recent returns are a huge factor impacting incremental inflows into the market

New accounts opened by systematic investment plan (SIP) investors moderated in June as 12-month rolling returns turned negative for the first time in two years. Even the discontinuity in SIPs rose.
 

New SIP registration stood at 1.79 million, compared with nearly 2 million seen in May, reveals the data by the Association of Mutual Funds in India (Amfi).
 

Since June 2021, new SIP registration has always been upwards of 2 million each month.
 

“This is the cautiousness which has come to the SIP account holder. In the past three months, the market was highly volatile, showing some downward trend. Unsurprisingly,