Monthly SIPs in India grow nearly 10 times over last decade: Report

India’s SIP narrative stays strong, with the monthly SIP volume surging almost tenfold in the past ten years, according to a Saturday report.

ValueMetrics’ report shows the SIP book rose from ₹3,189 crore in May 2016 to ₹30,954 crore in May 2026, weathering shocks such as demonetisation, COVID‑19, the Russia‑Ukraine conflict and global tariff pressures.

Although outstanding SIP accounts climbed to 10.47 million, net new SIP sign‑ups in May amounted to only 250,000.

Outstanding SIP accounts also rose more than 15 % year‑on‑year, up from 9.06 million in May 2025. During the month, 5.42 million new SIPs were registered while 5.17 million were dropped or completed, indicating growing turnover.

Net SIP additions were essentially flat at –60,000 in both March and April 2026, while the mutual‑fund industry’s AUM reached ₹81.6 lakh crore by month‑end.

Active equity funds saw gross inflows of ₹57,604 crore in May, with combined net inflows from pure‑equity and hybrid schemes at ₹33,468 crore. Hybrid funds (excluding arbitrage) pulled in ₹4,862 crore net.

Gross SIP sign‑ups remain robust at 5.2 % of the outstanding base, while discontinuations have risen to 5.0 %, almost matching the registration rate.

Gold ETFs recorded net outflows of ₹725 crore in May, turning around the earlier inflow trend, whereas active‑equity net flows stood at ₹22,908 crore.

SIP contributions totalled ₹30,954 crore, underscoring continued retail participation amid market swings, with SIP assets amounting to ₹17.12 lakh crore.