SIP stoppage ratio falls to 79% in September as new registrations outpace closures for fifth straight month

The mutual fund SIP stoppage ratio eased for the fifth consecutive month in September to 78.53% against a stoppage ratio of over 81.05% in August. The stoppage ratio in September 2025 was recorded at 76.27%.

The monthly data by Association of Mutual Funds in India (AMFI) showed that the stoppage ratio started easing from May 2026 where the stoppage ratio was 95.46%. The latest data for September 2026 shows that new mutual fund SIP registrations outnumbered SIPs that were either stopped or completed their existing tenure.

The number of SIPs discontinued/tenure completed in September were recorded at 49.68 lakh whereas the number of new SIPs registered in the same period stood at 63.26 lakh. On the other hand, the number of SIPs discontinued/tenure completed in August was recorded at 53.82 lakh and the number of new SIPs registered was 66.40 lakh.


Also Read |Gold, silver ETFs see sharp rise in inflows in September. Which metal should investors prefer now?

How to read the SIP stoppage ratio and why it matters to investors

The SIP stoppage ratio is the number of discontinued SIPs compared to the number of new registered SIPs. 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 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.

Monthly SIP flows

Mutual fund SIP inflows rose marginally month-on-month to a record high of Rs 32,490 crore in September, up from Rs 32,297 crore in August. On a year-on-year basis, SIP inflows increased 11% from Rs 29,361 crore recorded in September 2025.

The SIP assets stood at Rs 17,86,095.49 crore in September 2026, up by 0.6% and constituting 21.6% of the industry's AUM. The number of contributing SIP accounts stood at 10,06,46,617 in September 2026.

The mutual fund folios stood at 28,62,31,680 as of September 2026, with 27.12 lakh net folios being added during the month, up 2.19% from 26.54 crore in August.

"Mutual fund industry AUM declined 5.1% month-on-month to Rs 82.64 lakh crore in September, primarily due to mark-to-market (MTM) losses and outflows from debt funds," said Venkat Chalasani, Chief Executive, AMFI.

"Equity mutual funds recorded inflows of Rs 38,307 crore, marking the 67th consecutive month of positive inflows. SIP contributions stood at Rs 32,490 crore, with 10.06 crore contributing SIP accounts during the month, reflecting continued investor participation in systematic investing."

"AMFI remains focused on strengthening investor awareness and encouraging disciplined, long-term investing," Chalasani further said.

The retail MF AUM (Equity + Hybrid + Solution Oriented Schemes) stood at Rs 49,69,568 crore for the month of September 2026 as against Rs 51,72,576 crore in August 2026. Retail Folios (Equity + Hybrid + Solution Oriented Schemes) stood at 21,82,32,857 for September 2026 and 21,62,19,837 for August 2026.

Volatile phases tend to give way to recovery for those who stayed invested, and record SIP flows show how investors today understand the importance of staying the course during testing times, said Navneet Munot, MD & CEO, HDFC AMC.

Also Read |Mid, smallcap mutual funds see inflows jump in September, large-caps return after 2 months. Is investor confidence holding up despite market decline?

Nirav Karkera, Head of Research and Fund Manager, W by Groww said SIP flows hit a fresh record. Read alongside stoppages, the increase likely reflects investors switching the funds they invest in through SIPs, as well as fresh money coming in.

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

If you have any mutual fund queries, message ET Mutual Funds on Facebook/Twitter. We will get them answered by our panel of experts. Do share your questions at ETMFqueries@timesinternet.in along with your age, risk profile, and Twitter handle