SIPs gain ground: Monthly inflows hit fresh all-time high of Rs 26,632 crore in April

Further, assets under management (AUM) under SIPs rose to Rs 13.90 lakh crore in April, which was around 20 percent of the total AUM of the Indian mutual fund industry.

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However, Indian mutual funds continued to see higher net SIP stoppages as 46 lakh SIP accounts were registered during April, while 1.36 crore accounts were either stopped or matured during the month.

As per Chalasani, higher net SIP account stoppage is the result of a reconciliation process undertaken by Registrar and Transfer Agent (RTAs) and exchanges in response to a regulatory directive.

This account stoppage is expected to come down in May, as the process has been wound up in April.

Meanwhile, net inflows into equity mutual funds fell 3.2 percent over the last month to Rs 24,269.26 crore in April.

After April, net inflows into open-ended equity funds have stayed in the positive zone for the 50th month in a row.

“Notably, investor sentiment held firm even as returns in small- and mid-cap segments turned negative over the 3–6 month period. Rather than exiting, investors strategically rotated capital, as evidenced by a remarkable 10-fold increase in inflows into sectoral and thematic funds,” said Feroze Azeez, Joint CEO, Anand Rathi Wealth.

“Participation from beyond the top 30 (B30) cities also remained steady, accounting for 18 percent of the total AUM. This consistency reflects the deepening reach of mutual fund penetration across India’s non-metro regions. Overall, data suggests that Indian investors are disciplined, informed, and increasingly aligned with long-term investing,” Azeez added.

Overall, the Indian mutual fund industry saw net inflows of Rs 2.77 lakh crore in April on account of all-round buying in mutual funds.

SIPs have experienced substantial growth in India over the past decade, reflecting a significant shift in individual investment behaviour. From Rs 8,513 crore in February 2020 to around Rs 26,000 crore in February 2025, SIP monthly investments have jumped more than three times during this period.

Notably, SIP inflows had surged 45.24 percent to Rs 2.9 lakh crore during the financial year FY25, which was the fastest growth since FY18, when it grew by 52.98 percent.