Mutual fund SIP stoppage ratio increases marginally to 76% in February despite fewer SIPs being discontinued

The mutual fund SIP stoppage ratio has increased marginally to 75.62% in February compared to 74.83% in January, despite the dip in the number of SIPs discontinued or those that have completed tenure, according to data from the Association of Mutual Funds in India (AMFI).

According to the monthly data, the number of SIPs discontinued/tenure completed in February was recorded at 49.70 lakh, whereas the number of new SIPs registered in the same period was recorded at 65.72 lakh. As of January 2026, the number of SIPs discontinued/tenure completed was recorded at 55.46 lakh, and the number of new SIPs registered was 74.11 lakh.

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The monthly mutual fund SIP inflows declined by 4% month-on-month to Rs 29,845 crore in February, against Rs 31,002 crore in January. The SIP inflows in February saw a drop after remaining above Rs 30,000 crore for two consecutive months.

It is worth noting that SIP collections in February were marginally impacted by the shorter month, as instalments scheduled for the 29th, 30th and 31st typically get processed in early March, which can slightly defer a portion of contributions into the following month.

Ankur Punj, MD and Business Head, Equirus Wealth, said SIP inflows stayed robust at Rs 31,002 crore through January, matching December’s record and up 17% year-on-year, driven by Gen Z, women, and Tier-2 and Tier-3 city investors.

What is the SIP stoppage ratio?

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

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

Nikunj Saraf, CEO, Choice Wealth, commenting on AMFI monthly data, said, “SIP resilience shines through near Rs 26,000 crore, cementing disciplined investing as India’s savings superpower, even as AUM hit Rs 82 lakh crore. For wealth managers, this signals tactical mid and small-cap tilts for NRIs eyeing a rupee rebound, but watch debt for RBI cues. Bullish long term, prudent now.”

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On a yearly basis, the monthly SIP inflow went up by 15% from Rs 25,999 crore in February 2025. The number of contributing SIP accounts stood at 9,44,47,758 in February 2026.

Retail MF folios (Equity + Hybrid + Solution Oriented Schemes) stood at 20,64,24,339 for February 2026, compared with 20,43,09,553 in January 2026. The retail AUM (Equity + Hybrid + Solution Oriented Schemes) stood at Rs 47,14,392 crore in February 2026.

“SIP contributions stood at Rs 29,845 crore, underscoring investors’ continued confidence in systematic and disciplined investing. The marginal moderation compared with recent months is primarily due to February being a shorter month, with some end-of-month SIP instalments typically getting processed in early March,” said Venkat Chalasani.

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