Mutual fund SIP stoppage ratio continues above 100% even as investors contribute record Rs 31,115 crore in April

The mutual fund SIP stoppage ratio remained above 100% in April for the second consecutive month, even as investors contributed Rs 31,115, according to the data by the Association of Mutual Funds in India (AMFI).

According to the monthly data, the number of SIPs discontinued/ tenure completed in April was recorded at 51.29 lakh, whereas the number of new SIPs registered in the same period was 50.71 lakh. As of March 2026, the number of SIPs discontinued/tenure completed was recorded at 53.38 lakh and the number of new SIPs registered was 52.82 lakh.

Also Read |AMFI Data: Equity mutual fund inflows decline 5% MoM to Rs 38,440 crore in April


In FY26 (April 2025 to March 2026), the mutual fund SIP stoppage ratio was recorded at 94.51%.

Monthly mutual fund SIP inflows declined to Rs 31,115 crore in April compared to a record high of Rs 32,087 crore seen in March, a 3% month-on-month drop.

“The MF industry’s growth continues to be powered by robust SIP inflows, which stood at Rs 31,115 crore in April. The number of contributing SIP accounts remained steady at 9.65 crore, underlining the growing trust in mutual funds as a disciplined investment vehicle,” said Venkat Chalasani, Chief Executive, AMFI.

What is the SIP stoppage ratio?

The SIP stoppage ratio is the number of discontinued SIPs compared to the number of new registered ones. If this ratio crosses 100%, then it indicates that more mutual fund SIPs are being stopped than the ones started.

However, one must keep in mind that the stoppage ratio also includes those SIPs that have expired. Besides, investors may have simply switched from one SIP to another as part of their portfolio reshuffle.

The SIP assets stood at Rs 16,85,126.19 crore in April 2026, constituting 20.6% of the industry's AUM. The number of contributing SIP accounts stood at 9,64,90,903 during the month.

Gaurav Goyal, Head Sales & Marketing, Canara Robeco Asset Management Company, said that the consistency in Systematic Investment Plan (SIP) inflows in April 2026 reflects investors’ continued confidence in India’s long-term growth potential.

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Goyal further said that the trend clearly indicates that investors are increasingly focusing on disciplined, long-term participation and are staying committed to India’s structural growth opportunities.

Retail mutual fund folios (Equity, Hybrid and Solution-Oriented) rose to 21,00,01,387 in April 2026 from 20,82,98,532 in March. Retail AUM for these categories stood at Rs 47,41,872 crore.

Overall mutual fund folios increased to 27,53,11,360 in April 2026, with 13.77 lakh net additions versus 27,39,34,259 in March. The industry’s net AUM climbed to Rs 81,92,387.69 crore, up from Rs 73,73,376.98 crore in March.

Continued investor participation in mutual funds despite volatile market conditions reflects the growing maturity and resilience of retail investors, and they increasingly preferred diversified allocation strategies, said A. Balasubramanian, MD & CEO, Aditya Birla Sun Life AMC

Also Read | Large-cap funds see 16% decline in inflows while mid- and small-cap funds gain traction. Are investors shifting towards riskier bets?

Balasubramanian further said that this shift indicates a balanced approach towards wealth creation, with investors focusing on asset allocation, stability and long-term goal-based investing amid global uncertainty.

(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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