Mutual fund SIP stoppage ratio surged to 100% in March as discontinued SIPs outpaced new registrations, even though monthly SIP contributions hit a record Rs 32,087 crore. Overall investor participation remained strong, with equity inflows extending their multi-year positive streak and SIP accounts nearing 9.72 crore, reflecting sustained long-term investment appetite.

Mutual fund SIP stoppage ratio jumps to over 100% in March, even as contributions hit record Rs 32,000 crore

Synopsis

Mutual fund SIP stoppage ratio surged to 100% in March as discontinued SIPs outpaced new registrations, even though monthly SIP contributions hit a record Rs 32,087 crore. Overall investor participation remained strong, with equity inflows extending their multi-year positive streak and SIP accounts nearing 9.72 crore, reflecting sustained long-term investment appetite.

Mutual fund SIP stoppage ratio jumped to 100% in March compared to 76% in February, even as the monthly contributions hit a record high of Rs 32,000, according to the data by the Association of Mutual Funds in India (AMFI).

According to monthly data, 53.38 lakh SIPs were discontinued or completed in March, while 52.82 lakh new SIPs were registered. In comparison, February 2026 saw 49.70 lakh SIPs discontinued or completed, against 65.72 lakh new SIP registrations.

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The monthly mutual fund SIP inflows jumped by 8% on a monthly basis to Rs 32,087 crore in March against Rs 29,845 crore in February.

“The mutual fund industry continues to witness steady investor participation. Equity inflows extended their 61st consecutive month of positive net inflows, reflecting sustained investor confidence in long-term wealth creation through mutual funds,” said Venkat Chalasani, Chief Executive, AMFI.

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SIP contributions remained strong at Rs 32,087 crore, with nearly 9.72 crore contributing accounts, highlighting the growing preference for disciplined, systematic investing. India’s structural growth story remains strong, and investors continue to align their investments with long-term financial goals,” Chalasani further said.

What is the SIP stoppage ratio?

The SIP stoppage ratio measures the number of discontinued SIPs relative to new SIP registrations. A ratio above 100% indicates that more SIPs are being stopped than started.

However, this metric also counts SIPs that have naturally expired. Additionally, some investors may simply be switching from one SIP to another as part of a portfolio reshuffle, which can inflate the stoppage figure. The SIP assets stood at Rs 15,10,942.99 crore in March 2026, accounting for nearly 20.5% of the overall AUM. The number of contributing SIP accounts stood at 9,71,85,691 in March 2026.

Mutual Fund Folios are at 27,39,34,259 as of March 2026, with 33.63 lakh net folios being added during the month. Folios as of February 2026 stood at 27,05,71,455.

Also Read | March AMFI Data: Equity mutual fund inflows soar 56% MoM to Rs 40,450 crore; flexicaps top charts

The retail MF Folios (Equity + Hybrid + Solution Oriented Schemes) are at 20,82,98,532 for the month of March 2026, as against 20,64,24,339 for February 2026. Retail AUM (Equity + Hybrid + Solution Oriented Schemes) stood at Rs 42,88,955 crore for March 2026.

Suranjana Borthakur, Head of Distribution & Strategic Alliances, Mirae Asset Investment Managers (India), said February is a shorter month, with end-of-month SIP instalments typically getting processed in early March. With that spill-over, March SIP numbers have bounced back above Rs 32,000 crore. With that, FY26 is a record SIP year, even with volatility; systematic investing never blinked.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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