For the third straight month in March, more mutual fund SIPs were discontinued than newly registered. According to the latest AMFI data released on Friday, about 51 lakh SIPs were stopped last month, while 40 lakh new registrations were recorded — reflecting a stoppage ratio of 127.5%. This means that for every 100 new SIPs registered, 127.5 were discontinued. This figure also includes SIPs that may have ended due to the completion of their tenure.
In the previous two months — February and January 2025 — the stoppage ratio stood at 122% and 109%, respectively. This indicates that since January this year, more SIPs have been discontinued than newly initiated.
This continuous trend of high SIP stoppage ratio is a sign that the mutual fund industry is facing probably its biggest challenge in recent years.
Also read: SIP inflows decline to four month low in March: AMFI
Mutual fund SIP inflows fall marginally in March
Mutual fund SIP inflows were down marginally by around 0.28% at Rs 25,926 crore in March against Rs 25,999 crore in February 2025.
New SIP registrations in March 2025 stood at 40.18 lakh against 44.56 lakh in the previous month.
The number of contributing SIP accounts stood at 8.11 crore in March against 8.26 crore in February.
The assets under management (AUM) through SIP stood at Rs 13.35 lakh crore for March 2025 against Rs 12.37 lakh crore in February.
Also read: Equity mutual fund inflows drop 14.4% in March; SIPs hit 4-month low: AMFI
Mutual fund folios stood at 23,45,08,071 as of March 2025 against 23,22,80,804 in the previous month. The retail mutual fund folios (equity + hybrid + solution oriented schemes) stood at 18,58,24,290 for March 2025 against 18,42,02,267 in February 2025.