SIP inflows nearly double in under 3 years; investor accounts rise 12% YoY: Franklin Templeton India MF

Mutual fund SIP flows have doubled over three years to Rs 32,490 crore as of September 2026, according to a statement by Franklin Templeton India Mutual Fund. Over a year, SIP flows rose 11% from Rs 29,361 crore in September 2025, the statement said.

SIP accounts rose to 10.89 crore in September 2026, up 11.9% YoY. The average SIP size fell down at Rs 2,984 per month vs Rs 3,018 per month last year, the statement further said.

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Aggregate SIP flows continue to rise despite volatile returns and have grown nearly 7x at 26% CAGR between FY17 and FY26. The aggregate SIPs have grown from Rs 43,921 crore in FY17 to Rs 3.49 lakh crore in FY26. New SIP registrations in September 2026 stood at 63.26 lakh. SIP discontinuations as a percentage of registered SIPs fell to 79% in September 2026.

The Indian MF industry added 5 lakh investors in the month of September 2026. The total investor count rose to 6.33 crore in September 2026. 69 lakh new investors have been added in the last 12 months vs 79 lakh in the same period last year.

Smallcap Funds were in focus in September, as it attracted the highest AUM at Rs 9,039 crore, with inflows coming in at Rs 67,765 crore, second only after flexicap funds.

Flexi Cap Funds category topped net sales over the last 12 months. Most equity categories witnessed positive net sales in September 2026. In the hybrid funds category, Multi Asset Allocation Fund saw top net sales over the last 12 months of Rs 67,203 crores and net sales of Rs 3,667 crore.

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The AUM growth from B30 cities has outpaced T30 AUM Growth. The share of B30 AUM in industry AUM increased from 16% in December 2020 to 19% in September 2026. Maharashtra continues to be the state accounting for the largest percentage of MF AUMs.

New Delhi at 24% and Telangana at 13.11% have seen the highest Average AUM (AAUM) growth over the year.

Individual investors' AUM grew 8x in 10 Years vs 6x AUM Growth of the Industry. The five years CAGR for Individual Investors stood at 22% p.a vs Industry AUM at 18% p.a over 5 years. Whereas 10 Years CAGR of Individual Investors stood at 22% p.a vs Industry AUM at 18% p.a over 10 Years.

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