98 million SIP accounts power Indian equities. What if they stop?
- Pravin Palande
- ET PrimeUpdated: Apr 21, 2026, 16:17 IST IST
In the last four years, Pushpendra Singh, co-founder of Centricity Wealth, a mutual fund (MF) distributor based in Gurugram, has seen many of his clients investing in systematic investment plans (SIPs) with the calmness of a self-disciplined monk. A small sum quietly leaves bank accounts of 80,000 investors who are the clients of Centricity Wealth.
Most of them are from small-town North India – Gorakhpur, Meerut, Mohua et al. They mandated the bank transfer sometime in 2022 and are continuing with it without asking any question. Centricity Wealth has 20,000 sub-agents who are in touch with these 80,000-odd investors who invest close to INR50 lakh every month in SIPs and Singh believes that they are not going to stop as long as their salaries or incomes grow.
Most of them are from small-town North India – Gorakhpur, Meerut, Mohua et al. They mandated the bank transfer sometime in 2022 and are continuing with it without asking any question. Centricity Wealth has 20,000 sub-agents who are in touch with these 80,000-odd investors who invest close to INR50 lakh every month in SIPs and Singh believes that they are not going to stop as long as their salaries or incomes grow.
