75,000: The number of new registrations for systematic investment plans (SIPs) fell to a 13-month low of 75,000 in April 2020.

Business Standard
14th May

75,000: The number of new registrations for systematic investment plans (SIPs) fell to a 13-month low of 75,000 in April 2020.

  • This was an 11% drop from the number of new registrations in March
  • The SIP closure ratio — closure requests as a proportion of new registrations — spiked to 72% from 70% the previous month
  • While a weak investment environment in view of the coronavirus crisis persisted, April saw 540,000 SIP closure requests
  • SIP contributions across India in April stood at 8,376 crore — 3% lower than the previous month.
  • However, even as new registrations fell, closures in April also declined from over 600,000 in March. This was seen as a positive sign by many.

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