Mutual Fund SIP Stoppage Ratio Hits Over 100% in March; Inflows Touch Record ₹32,087 Crore

Systematic Investment Plan activity in mutual funds showed a mixed trend in March 2026, with record inflows alongside a sharp rise in the stoppage ratio.  

The latest data highlights both continued investor participation and shifts in SIP behaviour. 

SIP Trends, Inflows and Stoppage Ratio 

As per the latest AMFI data, the SIP stoppage ratio climbed to 100% in March from 76% in February, indicating that the number of discontinued or completed SIPs matched or slightly exceeded new registrations.  

During the month, 53.38 lakh SIPs were discontinued or completed, while 52.82 lakh new SIPs were registered. In comparison, February recorded 49.70 lakh discontinued SIPs against 65.72 lakh new registrations.  

Despite the rise in stoppages, inflows remained strong. Monthly SIP contributions increased by 8% to ₹32,087 crore in March, compared to ₹29,845 crore in February, marking a record high. 

The SIP stoppage ratio measures discontinued SIPs relative to new registrations. A ratio above 100% suggests more SIPs are being stopped than started. However, this figure can also include SIPs that have naturally matured or cases where investors shift from one plan to another, which may inflate the ratio. 

Investor Participation, Accounts and Industry Data 

SIP contributions remained robust, supported by a growing investor base. The number of contributing SIP accounts stood at 9,71,85,691, or nearly 9.72 crore accounts.  

SIP assets reached ₹15,10,942.99 crore, accounting for approximately 20.5% of the total mutual fund assets under management. 

Overall mutual fund folios rose to 27,39,34,259 in March from 27,05,71,455 in February, with a net addition of 33.63 lakh folios during the month.  

Retail participation also increased, with retail mutual fund folios (across equity, hybrid and solution-oriented schemes) rising to 20,82,98,532 from 20,64,24,339 in the previous month. Retail AUM stood at ₹42,88,955 crore in March.

Read More: Best Defence Mutual Funds in India for April 2026: Aditya Birla SL Fund, HDFC Defence Fund and More! 

Conclusion 

While the SIP stoppage ratio reached elevated levels in March, strong inflows, rising account numbers and continued investor participation underline the resilience of systematic investing in the mutual fund industry. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

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