Mutual Fund SIP Inflows Hit Record High, Signaling Strong Retail Confidence Amid Moderating Stoppage Ratio
The mutual fund industry witnessed a significant surge in committed savings as Systematic Investment Plan (SIP) contributions climbed to a record Rs 31,781 crore in June. This robust performance indicates strengthening retail participation and sustained investor confidence across the sector.Record SIP Inflows Boost Industry Momentum
Monthly SIP contributions saw an uptick of 2.7 percent compared to May 2026, reaching Rs 31,781 crore. Looking at a longer-term trajectory, this figure marks a substantial increase of 16.5 percent from the contribution level of Rs 27,269 crore recorded in June 2025.The improved trend was reflected in the SIP stoppage ratio, which moderated to approximately 91 percent. This is a three-month low, driven by fresh registrations outpacing discontinued SIPs for the second consecutive month.
Recovery Trend Seen in Stoppage Ratio
According to data provided by the Association of Mutual Funds in India (AMFI), the industry registered 55.51 lakh new SIPs during June. Conversely, 50.64 lakh SIPs were discontinued due to maturity or closure. This imbalance led to the favourable stoppage ratio figure.The trend reflects a steady recovery. The stoppage ratio had eased from 95.5 percent in May and showed improvements across subsequent months. A ratio below 100 percent is crucial, as it signifies that new registrations are outweighing those that were discontinued during the reporting month.
Retail Participation and SIP Assets Grow
Retail engagement within the mutual fund space also strengthened on a year-on-year basis. The number of contributing SIP accounts rose to 9.78 crore in June. This is an increase compared to 8.64 crore accounts registered one year ago, and up from 9.64 crore accounts recorded in May.SIP assets under management (AUM) climbed to Rs 17.70 lakh crore for the month of June. These figures show a healthy progression from Rs 15.31 lakh crore reported in June 2025, and an increase from the previous month's total of Rs 17.12 lakh crore.
Equity Funds Lead Strong Inflows
The rise in general SIP contributions was strongly supported by robust inflows into equity funds. Equity mutual funds attracted a significant Rs 28,973 crore in June. This volume is considerably higher than the Rs 22,915 crore received in May.Crucially, this performance marks the 64th consecutive month of net positive inflows for equity funds. Mid-cap funds were the top performer in this category with inflows reaching Rs 6,090 crore. Small-cap funds followed closely behind with inflows of Rs 5,602 crore, while flexi-cap funds attracted Rs 5,231 crore.
Total AUM Rises as Debt Funds See Outflows
Overall mutual fund industry assets under management (AUM) increased by 0.79 percent month-on-month, settling at Rs 82.22 lakh crore. This growth is underpinned by the positive market performance observed across asset classes.However, debt mutual funds registered net outflows amounting to Rs 1.09 lakh crore. These redemptions were primarily attributed to quarter-end advance tax requirements, specifically from liquid and short-duration schemes.
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