Despite the higher stoppage ratio ( 74 percent in January), the overall SIP base continued to expand as fresh registrations exceeded closures. SIP assets under management also rose to Rs 16.64 lakh crore in February, accounting for about 20.3 percent of the mutual fund industry’s total assets, which stood at around Rs 82.03 lakh crore during the month.

Systematic investment plan (SIP) inflows moderated slightly in February on account of fewer banking days, while churn in SIP accounts remained elevated as a large number of registrations were offset by discontinuations and maturities during the month.

Data released by the Association of Mutual Funds in India (AMFI) shows that monthly SIP contributions stood at Rs 29,845 crore in February 2026, compared with Rs 31,002 crore in January.

According to Venkat Chalasani, chief executive of AMFI, the slight decline in monthly SIP contributions was largely due to calendar-related factors rather than a change in investor behaviour. February has fewer days, and the last day of the month fell on a non-banking Saturday, which delayed some auto-debit transactions into March.

He added that many investors typically schedule SIP debits toward the end of the month, and when those dates fall on holidays or do not exist in shorter months like February, the contributions are reflected in the following month.

The total number of SIP accounts rose to 10.45 crore in February, up from 10.29 crore in January, indicating a net addition of about 16 lakh accounts during the month.


During February, 65.72 lakh new SIP accounts were registered, while around 49.70 lakh SIPs were discontinued or matured. This translates into a SIP stoppage ratio of about 76 percent, meaning that roughly three-fourths of the new SIP registrations were offset by stoppages during the month.  The stoppage ratio shows how many SIPs stopped (or matured) compared to how many were newly registered in that month. If the ratio goes above 100 percent, it means more SIPs were stopped than started in that month.

Despite the higher stoppage ratio ( 74 percent in January), the overall SIP base continued to expand as fresh registrations exceeded closures. SIP assets under management also rose to Rs 16.64 lakh crore in February, accounting for about 20.3 percent of the mutual fund industry’s total assets, which stood at around Rs 82.03 lakh crore during the month.

The continued rise in the SIP account base suggests that retail investors remain committed to disciplined investing even amid market volatility, with many investors continuing systematic allocations to benefit from long-term wealth creation, experts said. Santosh Joseph, CEO, Germinate Investor Services noted that the marginal dip in SIP inflows should be viewed in the context of markets moving largely sideways for nearly 15–17 months. "In such an environment, some slowdown in new SIP registrations is natural as retail investors tend to wait for clearer market direction. What is encouraging, however, is that existing investors have largely stayed committed to their SIPs, reflecting growing maturity and long-term discipline among retail participants. Even with the slight month-on-month moderation, the overall SIP numbers remain strong and continue to highlight the resilience of retail participation in mutual funds," he said.