Despite a steep 19% month-on-month fall in inflows into equity mutual funds to `24,690 crore in October, from Rs 30,422 crore in September, the mutual funds industry as a whole grew robustly with the assets under management (AUM) jumping by Rs 4.26 lakh crore to Rs 79.87 lakh crore in the reporting month, up from Rs 75.61 lakh crore in the previous month.
Investors continued to pour money into equity mutual funds in October, with net equity inflows falling by 19% to Rs 24,690 crore from Rs 30,422 crore in September, yet the total equity AUM rose to Rs 35.16 lakh crore from Rs 33.7 lakh crore in the previous month, Amfi said Tuesday.
Meanwhile, systematic investment plans (SIPs) continued to sizzle with inflows touching a new high of Rs 29,529 crore in October, up marginally from Rs 29,361 crore in the previous month, taking the SIP assets under management at Rs 16.25 lakh crore, representing about 20.3% of the overall mutual fund industry AUM.
Another positive is that the stoppage ratio improved to 75, lower than 76.3 in September.
The stoppage ratio measures the percentage of investors pausing or stopping their systematic investment plan contributions or whose plan tenures have matured, has seen significant fluctuations over the past two years. For much of 2024, the ratio stayed between 50 and 60, indicating moderate SIP cancellations. However, in early 2025, the ratio spiked sharply, reaching 109 in January and peaking at 296% in April.
A ratio above 100% means that more SIPs were stopped in that month than new SIPs started, signalling a period of unusually high investor caution, possibly due to market volatility or personal liquidity needs. After April, the ratio has gradually normalised, stabilising around 56–76 from June to September 2025.
In terms of accounts, contributing SIPs rose to 9.45 crore, up from 9.25 crore in the prior month and the total number of SIP accounts rose to 9.88 crore from 9.73 crore, following net additions of around 60 lakh accounts and closures of about 45 lakh.
In terms of accounts, contributing SIPs rose to 9.45 crore, up from 9.25 crore in the prior month. Meanwhile, the total number of SIP accounts in the system stands at 9.88 crore, up from 9.73 crore, following net additions of approximately 60 lakh accounts and closures of about 45 lakh.