AMFI SIP contribution data
AMFI SIP contribution data refers to the monthly statistics on systematic investment plan (SIP) activity in the Indian mutual fund industry, published by the Association of Mutual Funds in India (AMFI) as part of its broader industry data release. The SIP data release is among the most closely watched financial statistics in India, monitored by media, regulators, financial planners, and policymakers as an indicator of the health of retail investor participation in equity markets.
A systematic investment plan (SIP) is an instruction by a mutual fund investor to have a fixed amount debited from their bank account at regular intervals (typically monthly) and invested in one or more specified mutual fund schemes. SIPs are the dominant mode of retail equity mutual fund investing in India, and the monthly SIP contribution figure is widely used as a proxy for retail investor confidence and the long-term health of equity markets.
Data published
AMFI’s monthly SIP data release includes:
- Aggregate SIP contribution for the month: the total rupee amount invested through SIPs across all schemes and AMCs in a given month.
- Number of SIP accounts: the total count of active SIP mandates outstanding (also called SIP folios or live SIPs).
- New SIP registrations: the number of new SIP mandates registered in the month.
- SIP discontinuations/cancellations: the number of SIPs that were discontinued in the month.
- Average SIP ticket size: derived as aggregate contribution divided by total SIP accounts.
AMFI does not publish AMC-level SIP data in the public release; this detail is available in individual AMC quarterly disclosures.
Historical milestones
SIP data has shown rapid growth since AMFI began systematic monthly reporting:
| Period | Monthly SIP inflows (approx.) | Active SIP accounts (approx.) |
|---|---|---|
| January 2017 | Rs 4,100 crore | 1.5 crore |
| January 2019 | Rs 8,064 crore | 2.5 crore |
| January 2021 | Rs 8,023 crore | 3.9 crore |
| January 2023 | Rs 13,856 crore | 6.0 crore |
| December 2023 | Rs 17,600 crore | 7.6 crore |
| March 2025 | Rs 25,000+ crore (est.) | 10+ crore |
The growth trajectory correlates with the Mutual Funds Sahi Hai campaign’s awareness-building effect, the proliferation of digital investment platforms (apps such as Groww, Zerodha Coin, Paytm Money), and the mandate-led auto-debit infrastructure developed under NPCI’s National Automated Clearing House (NACH) system.
Significance as a market indicator
The monthly SIP contribution figure has become a widely cited macro indicator of retail investor sentiment because:
- Persistence: SIPs continue to flow even during market downturns (unless investors actively discontinue), making aggregate SIP inflow a relatively stable indicator compared to lump-sum inflows that can be highly volatile.
- Counter-cyclicality: Data from 2020 (COVID crash) and 2022-23 (global rate hike cycle) showed that SIP inflows remained resilient even as market indices fell, reflecting the buy-the-dip habit that AMFI’s campaign messaging sought to cultivate.
- Democratisation signal: Rising SIP accounts in B30 cities (tracked through AMC internal data reported to AMFI) indicate geographic expansion of the investor base beyond metros.
AMFI data access
The monthly SIP data is published on the AMFI website at amfiindia.com as part of the monthly industry statistics release. The data is available in PDF and Excel formats, with a time series dating back to the early 2010s maintained in the archives section.
See also
- Association of Mutual Funds in India (AMFI)
- AMFI monthly AUM data
- AMFI Quarterly Average AUM (AAUM)
- Mutual Funds Sahi Hai
- AMFI T30/B30 city categorisation
- Securities and Exchange Board of India (SEBI)
References
- AMFI. “Monthly SIP data.” amfiindia.com. Accessed 2026.
- AMFI. “Industry trends: SIP contribution history 2010-2025.” amfiindia.com.
- RBI. “Report on Currency and Finance 2023-24.” Retail savings and mutual funds section.
- NPCI. “NACH mandate statistics.” npci.org.in. Accessed 2026.