Monthly SIPs in India grow nearly 10 times over last decade: Report
New Delhi, June 13
India's systematic investment plan story remains compelling as the monthly SIP book has grown nearly tenfold over the last decade, a report said on Saturday.
The SIP book has grown from Rs 3,189 crore in May 2016 to Rs 30,954 crore in May 2026, surviving multiple disruptions including demonetisation, Covid-19, the Russia-Ukraine war, and global tariff headwinds, the report from ValueMetrics said.
However, outstanding systematic investment plan accounts reached 1,047 lakh even as net new SIP additions recovered to just 2.5 lakh in May.
In addition, total outstanding SIP accounts grew over 15 per cent year‑on‑year from 906 lakh in May 2025. New SIP registrations in the month stood at 54.2 lakh against discontinuations and tenure completions of 51.7 lakh, signalling rising churn within the SIP base.
A near-zero net addition of -0.6 lakh was recorded in both March and April 2026, and the mutual fund industry's assets under management stood at Rs 81.6 lakh crore by end of the month.
Moreover, active equity mutual funds recorded gross inflows of Rs 57,604 crore in May, while net inflows from active pure equity and hybrid funds combined stood at Rs 33,468 crore. Hybrid funds excluding arbitrage funds attracted Rs 4,862 crore in net inflows.
While gross SIP registrations remain healthy at 5.2 per cent of outstanding accounts, discontinuations at 5.0 per cent have nearly caught up.
Meanwhile, gold ETFs saw net outflows of Rs 725 crore in May, reversing the strong inflow trend seen earlier in the year, while active equity net flows stood at Rs 22,908 crore.
SIP contributions stood at Rs 30,954 crore which reflects sustained retail investor participation despite market volatility, with SIP assets at Rs 17.12 lakh crore.
— IANS
Reader Comments
Absolutely thrilled to see this! The common Indian saver is finally moving from gold and fixed deposits to equity markets. My parents never understood SIPs, but now even my uncle in a small town invests regularly. But the churn rate is a concern - 5.2% registrations vs 5.0% discontinuations means almost a washout. AMCs should focus on investor education so people don't quit at the first sign of market dip. Still, overall a great sign for Indian economy! 🚀
Good numbers but I'm skeptical. The 10x growth looks great on paper but inflation has eaten away a lot too. ₹3,189 crore in 2016 is not the same as today. Also, the AUM of Rs 81.6 lakh crore is huge but concentrated in top cities. Rural penetration is still very low. The real test will be when markets correct 20-30% - will these new investors stay the course? The near-zero net additions in March-April suggest some froth is already coming off. Let's not celebrate too soon.
As someone who moved to India from the US for work, this is fascinating to watch. The SIP culture here is much more disciplined than what I saw back home with mutual funds. The way regular folks in India are building wealth through monthly installments is impressive. But I'm a bit surprised by the gold ETF outflow - Rs 725 crore in May. Guess people are rotating into equity? Still, Rs 17.12 lakh crore in SIP assets shows this isn't just a fad. Solid resilience through all those global shocks mentioned.
This is genuinely exciting! The fact that SIPs survived demonetisation, Covid, Ukraine war, and trade wars shows Indian investors are maturing. I read somewhere that SIP accounts have crossed the 10 crore mark - that's almost 1 in 10
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