Mutual fund SIP contributions rose marginally to Rs 31,961 crore in July from Rs 31,781 crore in June, while the SIP stoppage ratio moderated to 81.9 percent during the month, indicating that while pace of growth had slowed new registrations continued to outpace SIPs that were discontinued or matured.

According to data released by the Association of Mutual Funds in India (AMFI), 61.44 lakh new SIPs were registered in July, while 50.29 lakh SIPs matured or were discontinued. This translates into a stoppage ratio of 81.9 percent.

In June, SIP contributions stood at a record Rs 31,781 crore, while the stoppage ratio was around 91 percent. The stoppage ratio is calculated by dividing the number of SIPs that matured or were discontinued during the month by the number of new SIPs registered.

The total number of SIP accounts increased to 10.63 crore in July from an opening balance of 10.52 crore, a net addition of around 11 lakh accounts during the month. The number of contributing SIP accounts also increased to 9.90 crore in July from 9.78 crore in June.

SIP contributions have remained firmly above the Rs 30,000-crore mark through most of 2026, pointing to sustained investor participation despite market volatility.  July marked the third-highest monthly SIP contribution so far in 2026, behind March and June, and was also the second consecutive month of contributions above Rs 31,000 crore.

SIP assets stood at Rs 18.2 lakh crore at the end of July, accounting for 21.2 percent of the mutual fund industry's total assets.

The July data indicates continued participation through the SIP route, with monthly contributions remaining above the Rs 30,000-crore mark for the fifth consecutive month.

The mutual fund industry's assets under management rose 4.3 percent month-on-month to Rs 85.76 lakh crore in July, helped by positive mark-to-market gains and net inflows. Equity mutual funds recorded net inflows of Rs 24,697 crore in July, marking the 65th consecutive month of positive flows. Small-cap funds attracted Rs 7,768 crore, while mid-cap funds saw inflows of Rs 6,192 crore.

Large-cap funds, however, witnessed net outflows of Rs 1,322 crore during the month, the first negative flow in around 30 months, according to AMFI.

Debt-oriented funds recorded net inflows of Rs 1.88 lakh crore, while hybrid funds saw inflows of Rs 11,491 crore during the month.