SIP Stoppage Ratio Rises to 116.65% in October 2026 as New Registrations Fall 20%

Key Takeaways

• India's SIP stoppage ratio increased to 116.65% in October 2026 from 78.53% in September, reversing five consecutive months of decline.
• New SIP registrations fell to 50.68 lakh from 63.26 lakh, while discontinued or completed SIPs rose to 59.12 lakh.
• Monthly SIP contributions remained above ₹32,000 crore for the third consecutive month, reaching ₹32,160 crore in October.

SIP Stoppage Ratio Crosses 100% in October

India's mutual fund industry recorded a sharp rise in its systematic investment plan (SIP) stoppage ratio in October 2026, even as monthly contributions continued to remain above ₹32,000 crore.

According to data released by the Association of Mutual Funds in India (AMFI), the SIP stoppage ratio increased to 116.65% in October from 78.53% in September.

The ratio measures the number of SIP registrations discontinued or completing their tenure relative to new SIP registrations during a reporting period.

A reading above 100% indicates that discontinued or completed registrations exceeded new registrations.

New SIP Registrations Decline 20%

The number of new SIPs registered during October fell to 50.68 lakh from 63.26 lakh in September, representing a decline of approximately 20%.

Meanwhile, SIPs discontinued or completing their tenure increased to 59.12 lakh from 49.68 lakh, a rise of approximately 19%.

Consequently, the number of discontinued or completed registrations exceeded new registrations by approximately 8.44 lakh during October.

The October increase also interrupted a five-month decline in the stoppage ratio.

The ratio had fallen progressively from 101.14% in April to 95.46% in May, 91.23% in June, 81.87% in July, 81.05% in August and 78.53% in September.

SIP Contributions Remain Above ₹32,000 Crore

Despite the deterioration in the registration ratio, SIP contributions reached ₹32,160 crore in October.

This represented the third consecutive month in which monthly SIP contributions exceeded ₹32,000 crore.

The number of contributing SIP accounts stood at approximately 9.99 crore, while assets associated with SIP investments reached ₹17.68 lakh crore.

SIP assets accounted for around 21.2% of the mutual fund industry's total assets under management.

What the Stoppage Ratio Indicates

The stoppage ratio should not be interpreted as a direct measure of investors withdrawing money from mutual funds.

AMFI's discontinued SIP category includes plans that have reached their scheduled completion date. It can also reflect investors terminating an existing registration while making changes to their investment arrangements.

An individual may also maintain multiple SIP registrations.

The October figures therefore show weaker new-registration activity relative to discontinued and completed plans, while actual monthly SIP contributions remained elevated.

The distinction is important when assessing participation trends across India's mutual fund industry.