SIP inflows remain steady at Rs 31,000 crore in January despite volatility; stoppage ratio at 74%

Despite the volatility, SIP participation remained steady. The number of contributing SIP accounts increased to 9.92 crore in January from 9.79 crore in December, while monthly SIP contributions stayed flat at Rs 31,002 crore.

• SIP accounts rose to 10.29 crore in January despite market volatility
• 74 lakh new SIPs registered, 55 lakh discontinued; stoppage ratio at 74 percent
• SIP assets dropped to Rs 16.36 lakh crore amid market corrections.

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Systematic Investment Plans (SIPs) continued to add net accounts in January despite heightened market volatility, though churn remained elevated with a significant portion of new registrations being offset by discontinuations/tenured SIPs during the month.

Association of Mutual Funds (AMFI) data for the month of January showed that the total number of SIP accounts rose to 10.29 crore in January 2026, from 10.11 crore in December, implying a net addition of around 18–19 lakh accounts. During the month, 74 lakh new SIP accounts were registered, while about 55 lakh SIPs were matured or discontinued, indicating an SIP stoppage ratio of 74 percent against 85% last 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.

Venkat Chalasani, chief executive of AMFI, in a media call to discuss the numbers, noted that January saw “extreme volatility in the markets, particularly because of the US government’s actions and the imposition of new tariffs", adding that this triggered a risk-averse sentiment across global markets, including India.

Despite the volatility, SIP participation remained steady. The number of contributing SIP accounts increased to 9.92 crore in January from 9.79 crore in December, while monthly SIP contributions stayed flat at Rs 31,002 crore.

However, SIP assets under management declined to Rs 16.36 lakh crore from Rs 16.63 lakh crore, largely due to negative mark-to-market impact amid equity market corrections. SIP assets continued to account for around 20.2% of the mutual fund industry’s total assets.

Chalasani said market volatility should be seen in the context of external headwinds rather than a structural shift in investor behaviour. “While there is volatility, given the fact that Indians are encouraged to do disciplined, long-term investing, I expect the trend to continue positively,” he said.

Ankur Punj, Managing Director -Business Head at Equirus Wealth added, "Considering volatility in markets Investors are relying on SIPs and STPs, with Tier 2/3 investors leading the table on SIPs addition. Multi Asset funds continue to garner AUM as a hedge in volatile markets. This underscores the growing maturity and long-term orientation of retail participation beyond metros."

He noted that the SIP numbers was "a powerful indicator of structural, long-term capital formation."

During the month of January, equity mutual fund inflows declined to Rs 24,029 crore, about 14 percent lower than Rs 28,054 crore in December.

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