India’s systematic investment plan (SIP) ecosystem is expanding, with outstanding SIP accounts nearly doubling from 5.3 crore in FY22 to 10.5 crore in FY26. New SIP registrations increased from 2.7 crore to 7.2 crore during this period. However, closures surged from 1.1 crore to 6.8 crore, narrowing the gap between new registrations and discontinuations.
Experts assert that despite these figures, the industry remains fundamentally stable. Swarup Mohanty, CEO of Mirae Asset Investment Managers, noted that as total SIPs increase, absolute stoppages will also rise. He emphasized that as long as net inflows remain positive, the industry is functioning well.
Market performance has been uneven, affecting investor behavior. The Nifty 50 TRI and BSE Sensex TRI showed fluctuating returns from FY22 to FY26. This volatility has led investors to react more closely to market movements, according to Scripbox’s Sachin Jain.
Despite rising stoppages, SIP inflows remain robust, with monthly contributions consistently above Rs 31,000 crore, peaking at Rs 32,087 crore in March 2026. Broader macroeconomic conditions support long-term investment flows, with rising disposable incomes and stable consumption trends.
Ritika Sodhani, MD of Sodhani Capital, stated that SIP growth has remained resilient despite market volatility, encouraging investors to view corrections as opportunities rather than reasons to exit.
