The Growth Of SIPs
Jha said that systematic investment plans (SIPs) have grown dramatically in India. The SIP pipeline has grown from Rs 4,000 crore in December 2016 to over Rs 26,459 crore by December 2024 at a compounded annualised growth rate (CAGR) of 26.75 per cent. He also pointed out the rise in SIP accounts, noting that there were 130 million SIP accounts in December 2024, a sharp rise from 683,000 in March 2023. This increase in SIP participation is largely driven by millennials and Gen Z, who are increasingly recognising the power of long-term investments and compounding, he said.