Sip Inflows Hold Strong At Rs. 29,445 Crore In November Even As Stoppage Ratio Remains High

SIP Inflows Hold Strong at ₹29,445 Crore in November Even as Stoppage Ratio Remains Elevated

Systematic investment plan (SIP) inflows continued their strong momentum in November 2025, touching ₹29,445 crore, according to data released by the Association of Mutual Funds in India (AMFI). The figure was only marginally below October’s record-high inflows of ₹29,529 crore, signalling that retail investors remain deeply committed to long-term, disciplined investing despite market volatility, global uncertainties, and elevated interest rates.

The resilience in SIP flows comes at a time when the mutual fund industry is witnessing broad-based participation across equity, hybrid, and passive categories. Even with fluctuations in markets and an elevated stoppage ratio, the consistent retail flow paints a stable picture for India’s maturing investment ecosystem.

Month-End Weekend Responsible for Minor Dip, Not a Slowdown: AMFI

While the month-on-month flow was slightly lower, industry experts dismissed concerns of a slowdown. Venkat Chalasani of AMFI clarified that the dip was primarily due to month-end SIP debit dates falling on a weekend, pushing several contributions into the first few days of December.

“It does not signal any slowdown in SIP participation,” Chalasani said, noting that the shift in calendar dates often results in temporary fluctuations.

SIP Assets Under Management (AUM) continued to expand, rising to a record ₹16.53 lakh crore, reflecting growing investor confidence and consistent contributions even during volatile phases.

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High Stoppage Ratio Persists but New Registrations Continue to Outpace Exits

One of the key highlights in November was the still-elevated SIP stoppage ratio, which stood at 75.56%. The metric tracks the number of discontinued SIPs relative to newly registered ones.

During November:

• 57.14 lakh new SIPs were registered

• 43.19 lakh SIPs were discontinued or completed their tenure

While the ratio remains high, it stayed near October’s level of around 75%, and significantly below the extreme readings earlier in the year, when the ratio spiked to 109% in January and an unprecedented 296% in April.

A stoppage ratio above 100% indicates that more SIPs are stopping than starting—a sign of investor caution, usually triggered by market corrections or personal cash-flow pressures. The lower readings in November indicate that investors are stabilizing their contribution patterns following turbulence earlier in the year.

Despite the elevated stoppage number, the industry still recorded a net increase of about 13.95 lakh SIPs, underscoring strong investor appetite for systematic investing.

Active SIP Accounts Remain Above 9.4 Crore, Showing Deep Retail Penetration

The total number of active SIP accounts stood at 9.43 crore in November, slightly below 9.45 crore in October, reflecting minimal attrition. The difference was negligible and largely attributed to the stoppage of matured SIPs rather than large-scale investor withdrawals.

The continued strength of account numbers highlights the depth of India’s retail investor base and the growing preference for automatically scheduled investments over lump-sum market timing strategies.

Why SIPs Continue to Attract Retail Investors Amid Volatility

Experts say that the robust SIP inflow trend is a direct reflection of rising investor maturity and better understanding of market cycles. The expansion of SIP AUM and steady inflows demonstrate that retail investors are increasingly prioritizing long-term wealth creation over short-term market movements.

Suranjana Borthakur, Head of Distribution and Strategic Alliances at Mirae Asset Investment Managers India, emphasized the significance of retail discipline:
“SIP inflows once again remain robust at around ₹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.”

Her remarks highlight the shift in investor behaviour, where SIPs have transitioned from a niche long-term product to a mainstream financial planning tool embraced across demographics.

Industry Outlook: Steady SIP Growth Expected as Financialization Deepens

The sustained inflows also show the strong pace of financialization of household savings, as more Indians shift money from traditional assets into capital markets. Rising awareness, digital onboarding, simplified KYC processes, and widespread fintech adoption have made SIP investing more accessible than ever.

Analysts expect SIP inflows to maintain momentum heading into the new year, driven by:

• Growing mutual fund penetration beyond Tier-1 cities

• Increasing popularity of index funds and ETFs

• Hybrid SIP strategies gaining traction

• Rising comfort with rupee-cost averaging amid volatile markets

While elevated stoppages may remain a feature during high-volatility phases, the industry’s long-term trajectory continues to point upward.

Conclusion: SIP Flows Hold Firm, Highlighting Investor Resilience Despite Market Noise

The nearly record-high ₹29,445 crore SIP inflows in November underscore the durability of India’s systematic investing culture. Even with a relatively high stoppage ratio, the steady rise in SIP AUM, strong new registrations, and continued retail discipline point to a structurally strong trend.

As investors navigate uncertain markets, the resilience seen in SIP flows serves as a reminder that long-term financial planning remains undeterred—and continues to be a cornerstone of India’s growing investment economy.

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