Mutual Fund SIP Contributions Make New High of ₹32,297 Crore in August; Number of Contributing Accounts Surpasses 10 Crore

Contributions through systematic investment plans (SIPs) hit a record high in August as SIP contributions increased to ₹32,297 crore amid an ongoing increase in monthly investments. 

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The August contribution was higher than ₹31,961 crore recorded in July and surpassed the previous high of ₹32,087 crore seen in March, per figures provided by the Association of Mutual Funds in India (AMFI). 

Alongside the new record in contributions, the number of SIP accounts contributing their share surpassed 10 crore for the very first time. 

SIP Stoppage Ratio Eases to 81.1% 

The SIP stoppage ratio moderated to 81.1% in August from 81.8% in July, with new registrations continuing to outnumber SIPs that were closed, discontinued or reached maturity. 

Mutual funds registered 66.39 lakh new SIPs during August. In comparison, 53.82 lakh SIPs were closed, matured or discontinued. 

The previous month had seen 61.44 lakh new registrations and 50.29 lakh closures, maturities or discontinuations. 

The stoppage ratio measures the number of SIPs that mature or are discontinued during a month relative to the number of new SIPs registered. 

SIP Account Contributors Cross 10 Crore 

Yet another milestone was achieved based on the SIP account contributors in the month. 

The SIP account contributors were recorded at 10.02 crore in August compared to 9.90 crore in July, surpassing 10 crore mark for the first time. 

The total SIP accounts were recorded at 10.62 crore till August end. 

Also, the total SIP assets increased and stood at ₹18.62 lakh crore from ₹18.20 lakh crore a month ago. The SIP assets accounted for 21.4% of the total mutual fund industry assets. 

Mutual Fund Industry AUM Rises to ₹87.08 Lakh Crore 

The broader mutual fund industry also expanded during August. 

Total assets under management increased 1.5% to ₹87.08 lakh crore by the end of the month, supported by net inflows and mark-to-market gains. 

Equity mutual funds received ₹29,329 crore in August, higher than the ₹24,697 crore recorded in July. 

The industry added another 26.54 lakh folios during the month, taking the total folio count to 28.35 crore. 

Small- and Mid-Cap Funds Lead Equity Inflows 

Within equity categories, small-cap funds recorded the highest inflows at ₹7,973 crore. 

Mid-cap funds followed with ₹6,989 crore, while flexi-cap funds attracted ₹5,059 crore. 

Large-cap funds moved in the opposite direction, recording net outflows of ₹1,147 crore during August. 

Passive funds, meanwhile, attracted ₹10,948 crore. 

Equity exchange-traded funds received ₹7,237 crore, while gold ETFs saw inflows of ₹2,597 crore. Silver ETFs attracted another ₹1,271 crore. 

Assets held by silver ETFs increased to ₹8,548.8 crore at the end of August from ₹7,676 crore in July. 

The month also saw the launch of six new fund offers, which together mobilised around ₹3,051 crore. 

August therefore marked a fresh monthly record for SIP contributions at ₹32,297 crore, while the rise in contributing accounts to 10.02 crore added another milestone for the mutual fund industry’s recurring investment channel.