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CapitalVia Research Desk · Updated
Data Story · 12 Nov 2026
AMFI SIP data · October 2026
SIP Stoppage Ratio Hits 116.7% in October 2026. India stopped 59 lakh SIPs and started 51 lakh.
116.7%
SIPs stopped or completed for every 100 new SIPs registered in October 2026 — the highest stoppage ratio of this financial year, up from 78.5% in September.
Outlier month
Outlier month
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Started vs stopped, October 2026
SIP accounts, in lakh. Source: AMFI.
New SIPs registered50.68 lakh ▼ 19.9% vs Sep
SIPs discontinued / tenure completed59.12 lakh ▲ 19.0% vs Sep
Net change in SIP accounts:−8.44 lakh
September had been the healthiest month of the year: 63.26 lakh SIPs started against 49.68 lakh stopped. October flipped both numbers at once — fewer starts and more stops.
The stoppage ratio, month by month
SIPs stopped ÷ SIPs started, FY 2026-27. Above the dashed line, India closed more SIPs than it opened.
100%
Apr
May
Jun
Jul
Aug
Sep
Oct
The ratio had fallen for five straight months. October undid all of it in one go. Only two months this year crossed 100%: April (101.1%) and October.
FY 2023-24
52.4%
FY 2024-25
75.6%
FY 2025-26
94.5%
FY 26-27 (Apr–Oct)
91.1%
Full-year stoppage ratios. FY 2025-26 includes legacy accounts AMFI reclassified as discontinued on 14 May 2025.
What it did to the SIP base
End-October 2026 figures from AMFI.
Outstanding SIP accounts
10.80 crore
Down from 10.89 crore in September — the first monthly fall of this financial year.
Contributing SIP accounts
9.99 crore
Back below the 10-crore mark it had crossed in August and held in September.
SIP assets
₹17.68 lakh cr
21.2% of all mutual fund assets (₹83.39 lakh crore) now sit in SIP-linked holdings.
And yet the money kept coming
₹32,160 crore
SIP contributions in October — the third straight month above ₹32,000 crore, and 8.9% more than October 2025 (₹29,529 crore). Fewer accounts, but the ones that stayed kept paying.
Apr
May
Jun
Jul
Aug
Sep
Oct
Monthly SIP contribution, ₹ crore, FY 2026-27. Bars scaled from zero.
Why “stopped” is not the same as “cancelled”
1
Three bounced debits count as a stop. Under SEBI rules, AMFI treats a monthly SIP as discontinued once three consecutive instalments fail — a salary-account switch or a low balance on debit day is enough. AMFI does not publish how many of the 59.12 lakh were deliberate cancellations.
2
Finished SIPs are in the same bucket. An SIP that simply completed its chosen tenure is counted alongside one that was cancelled. SIPs started in the 2021-22 boom are now maturing.
3
One month is not a trend. The ratio swung from 78.5% to 116.7% in thirty days. Across April–October it averages 91.1%, and nearly 10 crore accounts still paid in ₹32,160 crore.
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