SIP inflows stay near record at Rs 29,445 crore in November despite high stoppage ratio

During the month, 57.14 lakh new SIPs were registered, while 43.19 lakh SIPs were discontinued or completed their tenure, resulting in a stoppage ratio of 75.56 percent.

Systematic investment plan (SIP) inflows stayed close to record levels in November 2025, with monthly contributions totalling Rs 29,445 crore, according to data from the Association of Mutual Funds in India (AMFI). The figure was marginally lower than October’s Rs 29,529 crore, when SIP flows had reached an all-time high, highlighting continued retail interest in disciplined, long-term investing despite market volatility.

During the month, the number of active SIP accounts in November was 9.43 crore, slightly down from 9.45 crore in October. The decline in flows for the month, according to AMFI's Venkat Chalasani can be attributed to month-end dates falling on a weekend, which pushed some contributions into early December and did not signal a slowdown. During the month, SIP assets under management (AUM) rose to Rs 16.53 lakh crore, up on a month-on-month basis and reflecting broad-based participation across investor cohorts.

During the month, 57.14 lakh new SIPs were started, and 43.19 lakh SIPs were either discontinued or completed their tenure. This translates into a stoppage ratio of 75.56 percent.

The stoppage ratio shows how many SIPs stopped (or matured) compared to how many were newly registered in that month. It stayed close to October’s level of around 75 percent, but was lower than some of the very high readings seen earlier in the year.

If the ratio goes above 100 percent, it means more SIPs were stopped than started in that month. That usually points to heightened investor caution, often because of market volatility or cash-flow pressures.

Earlier in the year, this ratio had spiked sharply, to 109 percent in January and as high as 296 percent in April.

Despite the high stoppage, the industry still saw a net increase of about 13.95 lakh SIPs in the month, as new registrations continued to exceed exits.

Experts suggest that the sustained SIP flow is a sign of continued retail discipline. Suranjana Borthakur, Head of Distribution and Strategic Alliances at Mirae Asset Investment Managers India, said, “SIP inflows once again remain robust at around Rs 29,900 crore, reinforcing the increasing discipline and maturity among retail investors. This consistent SIP momentum is a positive sign and underscores the importance of staying committed to long-term wealth creation through market cycles.”