SIP Discontinuation Ratio Rises To 116.7% In October As Discontinued And Completed SIPs Outnumber New Registrations: AMFI Data

The ratio of mutual fund systematic investment plans (SIPs) discontinued or completing their tenure to new registrations climbed to 116.7% in October 2026, as the number of SIPs ceasing or completing their tenure exceeded fresh registrations during the month, according to data released by the Association of Mutual Funds in India (AMFI).

A total of 59.12 lakh SIPs were discontinued or completed their tenure in October, against 50.68 lakh new registrations. This took the ratio to 116.7%, compared with 78.6% in September.

Fall In New SIP Registrations

The movement came from both sides. New mutual fund SIP registrations fell from 63.26 lakh in September to 50.68 lakh in October. At the same time, discontinued or completed SIPs increased from 49.68 lakh to 59.12 lakh.

The October ratio does not mean that 116.7% of SIP investors stopped investing. It compares the number of discontinued or completed SIPs with new registrations during the month. AMFI's data also does not specify the reasons behind the discontinuations.

How AMFI Counts Discontinued SIPs

AMFI follows a defined method to classify SIPs as discontinued or ceased. According to its data footnote, SIPs with three consecutive failed instalments are treated as discontinued in the case of daily, weekly, fortnightly and monthly frequencies.

For other SIP frequencies, two consecutive failed instalments are considered sufficient for classification. The number of contributing SIP accounts also declined in October. It stood at 9.99 crore, compared with 10.06 crore in September.

SIP Contributions Stay Above ₹32,000 Crore

Despite the increase in the discontinuation ratio, monthly SIP contributions remained above ₹32,000 crore for the third consecutive month.

Investors contributed ₹32,160 crore through SIPs in October, against ₹32,490 crore in September. However, the October contribution was 8.9% higher than the ₹29,529 crore recorded in the same month last year.

SIP assets under management (AUM) stood at ₹17.68 lakh crore at the end of October. This was lower than ₹17.86 lakh crore in September. On a year-on-year basis, however, SIP AUM increased 8.8%. SIP investments accounted for 21.2% of the mutual fund industry's total AUM in October.

Mutual Fund Industry AUM Rises To ₹83.39 Lakh Crore

The mutual fund industry's net AUM increased to ₹83.39 lakh crore in October from ₹82.64 lakh crore in September. The industry added 15.80 lakh folios during the month, taking the total number of folios to 28.78 crore.

Equity mutual funds continued to attract money, recording net inflows of ₹32,994 crore in October. This marked the 68th consecutive month of net inflows into equity fund schemes, according to AMFI.

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