{
  "format": "india-by-the-numbers.series.v1",
  "id": "capital-markets/sip-churn",
  "name": "SIP contributions",
  "hub": "Capital markets",
  "topic": "SIP contributions",
  "moduleIds": [
    "sip-churn"
  ],
  "url": "https://data.indiadispatch.com/capital-markets/sip-contributions",
  "period": "September 2026",
  "periodKey": "2026-09",
  "latest": {
    "formattedValue": "₹324.9 billion · $3.42 billion",
    "change": "+0.6% since August 2026",
    "supportingFigures": "Systematic investment plans, or SIPs, arrange recurring mutual-fund investments. Gross contributions totalled ₹324.9 billion · $3.42 billion in September 2026. The separately verified account table reports 97.83 million contributing accounts for June 2026.",
    "inr": 324900000000,
    "usd": 3421800947.8672986
  },
  "source": {
    "name": "Association of Mutual Funds in India",
    "url": "https://www.amfiindia.com/mutual-fund"
  },
  "numericValue": 324900000000,
  "unit": "INR",
  "measure": "contribution_crore",
  "readingLabel": "Gross monthly SIP contributions",
  "readingValue": "₹324.9 billion · $3.42 billion",
  "comparison": {
    "status": "compared",
    "method": "percent-change",
    "value": 0.5975787224819618,
    "unit": "percent",
    "measure": "contribution_crore",
    "observationPeriod": "2026-09",
    "comparatorPeriod": "2026-08",
    "text": "+0.6% since August 2026"
  },
  "currencyValuation": {
    "basis": "converted-from-INR",
    "reference": {
      "rate": 94.95,
      "date": "2026-10-30",
      "provider": "ECB reference via Frankfurter",
      "sourceUrl": "https://api.frankfurter.dev/v1/latest?base=USD&symbols=INR"
    },
    "historicalRate": false
  },
  "cadence": "Monthly",
  "version": "9ff801292ee1c2f7f1933aca281e454e36604a305749997e99664fb4106cf9d6",
  "dateModified": "2026-10-31T12:40:05.942Z",
  "coverage": "2016-04/2026-09",
  "notes": [
    "+0.6% compared with August 2026.",
    "+1.3% compared with March 2026.",
    "+10.7% compared with September 2025.",
    "+213.9% compared with September 2021.",
    "Contributions are gross payments into plans, not mutual funds’ net inflows after redemptions. Accounts do not represent unique investors.",
    "Contribution observations end in September 2026. Account activity remains independently dated to June 2026; a monthly-note contribution does not update accounts or discontinued plans."
  ],
  "license": {
    "name": "Creative Commons Attribution 4.0 International",
    "url": "https://creativecommons.org/licenses/by/4.0/",
    "scope": "India Dispatch's original compiled tables and editorial text"
  },
  "sourceRights": "Underlying source publishers retain their own rights. This license does not grant rights to publisher documents, branding or other third-party material.",
  "attribution": "India by the numbers, SIP contributions, September 2026, https://data.indiadispatch.com/capital-markets/sip-contributions. Source: Association of Mutual Funds in India.",
  "valueRepresentation": "Table cells are the publication's formatted observations, with units retained. Missing observations are not zero. Numeric latest amounts, where present, are separately labelled INR and USD.",
  "tables": [
    {
      "title": "Gross monthly SIP contributions",
      "columns": [
        "Month",
        "Contributions"
      ],
      "source": {
        "name": "Association of Mutual Funds in India",
        "url": "https://www.amfiindia.com/mutual-fund"
      },
      "rows": [
        {
          "id": "2016-04",
          "cells": [
            "April 2016",
            "₹31.22 billion · $329 million"
          ]
        },
        {
          "id": "2016-05",
          "cells": [
            "May 2016",
            "₹31.89 billion · $336 million"
          ]
        },
        {
          "id": "2016-06",
          "cells": [
            "June 2016",
            "₹33.1 billion · $349 million"
          ]
        },
        {
          "id": "2016-07",
          "cells": [
            "July 2016",
            "₹33.34 billion · $351 million"
          ]
        },
        {
          "id": "2016-08",
          "cells": [
            "August 2016",
            "₹34.97 billion · $368 million"
          ]
        },
        {
          "id": "2016-09",
          "cells": [
            "September 2016",
            "₹36.98 billion · $389 million"
          ]
        },
        {
          "id": "2016-10",
          "cells": [
            "October 2016",
            "₹34.34 billion · $362 million"
          ]
        },
        {
          "id": "2016-11",
          "cells": [
            "November 2016",
            "₹38.84 billion · $409 million"
          ]
        },
        {
          "id": "2016-12",
          "cells": [
            "December 2016",
            "₹39.73 billion · $418 million"
          ]
        },
        {
          "id": "2017-01",
          "cells": [
            "January 2017",
            "₹40.95 billion · $431 million"
          ]
        },
        {
          "id": "2017-02",
          "cells": [
            "February 2017",
            "₹40.5 billion · $427 million"
          ]
        },
        {
          "id": "2017-03",
          "cells": [
            "March 2017",
            "₹43.35 billion · $457 million"
          ]
        },
        {
          "id": "2017-04",
          "cells": [
            "April 2017",
            "₹42.69 billion · $450 million"
          ]
        },
        {
          "id": "2017-05",
          "cells": [
            "May 2017",
            "₹45.84 billion · $483 million"
          ]
        },
        {
          "id": "2017-06",
          "cells": [
            "June 2017",
            "₹47.44 billion · $500 million"
          ]
        },
        {
          "id": "2017-07",
          "cells": [
            "July 2017",
            "₹49.47 billion · $521 million"
          ]
        },
        {
          "id": "2017-08",
          "cells": [
            "August 2017",
            "₹52.06 billion · $548 million"
          ]
        },
        {
          "id": "2017-09",
          "cells": [
            "September 2017",
            "₹55.16 billion · $581 million"
          ]
        },
        {
          "id": "2017-10",
          "cells": [
            "October 2017",
            "₹56.21 billion · $592 million"
          ]
        },
        {
          "id": "2017-11",
          "cells": [
            "November 2017",
            "₹58.93 billion · $621 million"
          ]
        },
        {
          "id": "2017-12",
          "cells": [
            "December 2017",
            "₹62.22 billion · $655 million"
          ]
        },
        {
          "id": "2018-01",
          "cells": [
            "January 2018",
            "₹66.44 billion · $700 million"
          ]
        },
        {
          "id": "2018-02",
          "cells": [
            "February 2018",
            "₹64.25 billion · $677 million"
          ]
        },
        {
          "id": "2018-03",
          "cells": [
            "March 2018",
            "₹71.19 billion · $750 million"
          ]
        },
        {
          "id": "2018-04",
          "cells": [
            "April 2018",
            "₹66.9 billion · $705 million"
          ]
        },
        {
          "id": "2018-05",
          "cells": [
            "May 2018",
            "₹73.04 billion · $769 million"
          ]
        },
        {
          "id": "2018-06",
          "cells": [
            "June 2018",
            "₹75.54 billion · $796 million"
          ]
        },
        {
          "id": "2018-07",
          "cells": [
            "July 2018",
            "₹75.54 billion · $796 million"
          ]
        },
        {
          "id": "2018-08",
          "cells": [
            "August 2018",
            "₹76.58 billion · $807 million"
          ]
        },
        {
          "id": "2018-09",
          "cells": [
            "September 2018",
            "₹77.27 billion · $814 million"
          ]
        },
        {
          "id": "2018-10",
          "cells": [
            "October 2018",
            "₹79.85 billion · $841 million"
          ]
        },
        {
          "id": "2018-11",
          "cells": [
            "November 2018",
            "₹79.85 billion · $841 million"
          ]
        },
        {
          "id": "2018-12",
          "cells": [
            "December 2018",
            "₹80.22 billion · $845 million"
          ]
        },
        {
          "id": "2019-01",
          "cells": [
            "January 2019",
            "₹80.64 billion · $849 million"
          ]
        },
        {
          "id": "2019-02",
          "cells": [
            "February 2019",
            "₹80.95 billion · $853 million"
          ]
        },
        {
          "id": "2019-03",
          "cells": [
            "March 2019",
            "₹80.55 billion · $848 million"
          ]
        },
        {
          "id": "2019-04",
          "cells": [
            "April 2019",
            "₹82.38 billion · $868 million"
          ]
        },
        {
          "id": "2019-05",
          "cells": [
            "May 2019",
            "₹81.83 billion · $862 million"
          ]
        },
        {
          "id": "2019-06",
          "cells": [
            "June 2019",
            "₹81.22 billion · $855 million"
          ]
        },
        {
          "id": "2019-07",
          "cells": [
            "July 2019",
            "₹83.24 billion · $877 million"
          ]
        },
        {
          "id": "2019-08",
          "cells": [
            "August 2019",
            "₹82.31 billion · $867 million"
          ]
        },
        {
          "id": "2019-09",
          "cells": [
            "September 2019",
            "₹82.63 billion · $870 million"
          ]
        },
        {
          "id": "2019-10",
          "cells": [
            "October 2019",
            "₹82.46 billion · $868 million"
          ]
        },
        {
          "id": "2019-11",
          "cells": [
            "November 2019",
            "₹82.73 billion · $871 million"
          ]
        },
        {
          "id": "2019-12",
          "cells": [
            "December 2019",
            "₹85.18 billion · $897 million"
          ]
        },
        {
          "id": "2020-01",
          "cells": [
            "January 2020",
            "₹85.32 billion · $899 million"
          ]
        },
        {
          "id": "2020-02",
          "cells": [
            "February 2020",
            "₹85.13 billion · $897 million"
          ]
        },
        {
          "id": "2020-03",
          "cells": [
            "March 2020",
            "₹86.41 billion · $910 million"
          ]
        },
        {
          "id": "2020-04",
          "cells": [
            "April 2020",
            "₹83.76 billion · $882 million"
          ]
        },
        {
          "id": "2020-05",
          "cells": [
            "May 2020",
            "₹81.23 billion · $856 million"
          ]
        },
        {
          "id": "2020-06",
          "cells": [
            "June 2020",
            "₹79.17 billion · $834 million"
          ]
        },
        {
          "id": "2020-07",
          "cells": [
            "July 2020",
            "₹78.31 billion · $825 million"
          ]
        },
        {
          "id": "2020-08",
          "cells": [
            "August 2020",
            "₹77.92 billion · $821 million"
          ]
        },
        {
          "id": "2020-09",
          "cells": [
            "September 2020",
            "₹77.88 billion · $820 million"
          ]
        },
        {
          "id": "2020-10",
          "cells": [
            "October 2020",
            "₹78 billion · $821 million"
          ]
        },
        {
          "id": "2020-11",
          "cells": [
            "November 2020",
            "₹73.02 billion · $769 million"
          ]
        },
        {
          "id": "2020-12",
          "cells": [
            "December 2020",
            "₹84.18 billion · $887 million"
          ]
        },
        {
          "id": "2021-01",
          "cells": [
            "January 2021",
            "₹80.23 billion · $845 million"
          ]
        },
        {
          "id": "2021-02",
          "cells": [
            "February 2021",
            "₹75.28 billion · $793 million"
          ]
        },
        {
          "id": "2021-03",
          "cells": [
            "March 2021",
            "₹91.82 billion · $967 million"
          ]
        },
        {
          "id": "2021-04",
          "cells": [
            "April 2021",
            "₹85.96 billion · $905 million"
          ]
        },
        {
          "id": "2021-05",
          "cells": [
            "May 2021",
            "₹88.19 billion · $929 million"
          ]
        },
        {
          "id": "2021-06",
          "cells": [
            "June 2021",
            "₹91.56 billion · $964 million"
          ]
        },
        {
          "id": "2021-07",
          "cells": [
            "July 2021",
            "₹96.09 billion · $1.01 billion"
          ]
        },
        {
          "id": "2021-08",
          "cells": [
            "August 2021",
            "₹99.23 billion · $1.05 billion"
          ]
        },
        {
          "id": "2021-09",
          "cells": [
            "September 2021",
            "₹103.51 billion · $1.09 billion"
          ]
        },
        {
          "id": "2021-10",
          "cells": [
            "October 2021",
            "₹105.19 billion · $1.11 billion"
          ]
        },
        {
          "id": "2021-11",
          "cells": [
            "November 2021",
            "₹110.05 billion · $1.16 billion"
          ]
        },
        {
          "id": "2021-12",
          "cells": [
            "December 2021",
            "₹113.05 billion · $1.19 billion"
          ]
        },
        {
          "id": "2022-01",
          "cells": [
            "January 2022",
            "₹115.17 billion · $1.21 billion"
          ]
        },
        {
          "id": "2022-02",
          "cells": [
            "February 2022",
            "₹114.38 billion · $1.2 billion"
          ]
        },
        {
          "id": "2022-03",
          "cells": [
            "March 2022",
            "₹123.28 billion · $1.3 billion"
          ]
        },
        {
          "id": "2022-04",
          "cells": [
            "April 2022",
            "₹118.63 billion · $1.25 billion"
          ]
        },
        {
          "id": "2022-05",
          "cells": [
            "May 2022",
            "₹122.86 billion · $1.29 billion"
          ]
        },
        {
          "id": "2022-06",
          "cells": [
            "June 2022",
            "₹122.76 billion · $1.29 billion"
          ]
        },
        {
          "id": "2022-07",
          "cells": [
            "July 2022",
            "₹121.4 billion · $1.28 billion"
          ]
        },
        {
          "id": "2022-08",
          "cells": [
            "August 2022",
            "₹126.93 billion · $1.34 billion"
          ]
        },
        {
          "id": "2022-09",
          "cells": [
            "September 2022",
            "₹129.76 billion · $1.37 billion"
          ]
        },
        {
          "id": "2022-10",
          "cells": [
            "October 2022",
            "₹130.41 billion · $1.37 billion"
          ]
        },
        {
          "id": "2022-11",
          "cells": [
            "November 2022",
            "₹133.06 billion · $1.4 billion"
          ]
        },
        {
          "id": "2022-12",
          "cells": [
            "December 2022",
            "₹135.73 billion · $1.43 billion"
          ]
        },
        {
          "id": "2023-01",
          "cells": [
            "January 2023",
            "₹138.56 billion · $1.46 billion"
          ]
        },
        {
          "id": "2023-02",
          "cells": [
            "February 2023",
            "₹136.86 billion · $1.44 billion"
          ]
        },
        {
          "id": "2023-03",
          "cells": [
            "March 2023",
            "₹142.76 billion · $1.5 billion"
          ]
        },
        {
          "id": "2023-04",
          "cells": [
            "April 2023",
            "₹137.28 billion · $1.45 billion"
          ]
        },
        {
          "id": "2023-05",
          "cells": [
            "May 2023",
            "₹147.49 billion · $1.55 billion"
          ]
        },
        {
          "id": "2023-06",
          "cells": [
            "June 2023",
            "₹147.34 billion · $1.55 billion"
          ]
        },
        {
          "id": "2023-07",
          "cells": [
            "July 2023",
            "₹152.45 billion · $1.61 billion"
          ]
        },
        {
          "id": "2023-08",
          "cells": [
            "August 2023",
            "₹158.14 billion · $1.67 billion"
          ]
        },
        {
          "id": "2023-09",
          "cells": [
            "September 2023",
            "₹160.42 billion · $1.69 billion"
          ]
        },
        {
          "id": "2023-10",
          "cells": [
            "October 2023",
            "₹169.28 billion · $1.78 billion"
          ]
        },
        {
          "id": "2023-11",
          "cells": [
            "November 2023",
            "₹170.73 billion · $1.8 billion"
          ]
        },
        {
          "id": "2023-12",
          "cells": [
            "December 2023",
            "₹176.1 billion · $1.85 billion"
          ]
        },
        {
          "id": "2024-01",
          "cells": [
            "January 2024",
            "₹188.38 billion · $1.98 billion"
          ]
        },
        {
          "id": "2024-02",
          "cells": [
            "February 2024",
            "₹191.87 billion · $2.02 billion"
          ]
        },
        {
          "id": "2024-03",
          "cells": [
            "March 2024",
            "₹192.71 billion · $2.03 billion"
          ]
        },
        {
          "id": "2024-04",
          "cells": [
            "April 2024",
            "₹203.71 billion · $2.15 billion"
          ]
        },
        {
          "id": "2024-05",
          "cells": [
            "May 2024",
            "₹209.04 billion · $2.2 billion"
          ]
        },
        {
          "id": "2024-06",
          "cells": [
            "June 2024",
            "₹212.62 billion · $2.24 billion"
          ]
        },
        {
          "id": "2024-07",
          "cells": [
            "July 2024",
            "₹233.32 billion · $2.46 billion"
          ]
        },
        {
          "id": "2024-08",
          "cells": [
            "August 2024",
            "₹235.47 billion · $2.48 billion"
          ]
        },
        {
          "id": "2024-09",
          "cells": [
            "September 2024",
            "₹245.09 billion · $2.58 billion"
          ]
        },
        {
          "id": "2024-10",
          "cells": [
            "October 2024",
            "₹253.23 billion · $2.67 billion"
          ]
        },
        {
          "id": "2024-11",
          "cells": [
            "November 2024",
            "₹253.2 billion · $2.67 billion"
          ]
        },
        {
          "id": "2024-12",
          "cells": [
            "December 2024",
            "₹264.59 billion · $2.79 billion"
          ]
        },
        {
          "id": "2025-01",
          "cells": [
            "January 2025",
            "₹264 billion · $2.78 billion"
          ]
        },
        {
          "id": "2025-02",
          "cells": [
            "February 2025",
            "₹259.99 billion · $2.74 billion"
          ]
        },
        {
          "id": "2025-03",
          "cells": [
            "March 2025",
            "₹259.26 billion · $2.73 billion"
          ]
        },
        {
          "id": "2025-04",
          "cells": [
            "April 2025",
            "₹266.32 billion · $2.8 billion"
          ]
        },
        {
          "id": "2025-05",
          "cells": [
            "May 2025",
            "₹266.88 billion · $2.81 billion"
          ]
        },
        {
          "id": "2025-06",
          "cells": [
            "June 2025",
            "₹272.69 billion · $2.87 billion"
          ]
        },
        {
          "id": "2025-07",
          "cells": [
            "July 2025",
            "₹284.64 billion · $3 billion"
          ]
        },
        {
          "id": "2025-08",
          "cells": [
            "August 2025",
            "₹282.65 billion · $2.98 billion"
          ]
        },
        {
          "id": "2025-09",
          "cells": [
            "September 2025",
            "₹293.61 billion · $3.09 billion"
          ]
        },
        {
          "id": "2025-10",
          "cells": [
            "October 2025",
            "₹295.29 billion · $3.11 billion"
          ]
        },
        {
          "id": "2025-11",
          "cells": [
            "November 2025",
            "₹294.45 billion · $3.1 billion"
          ]
        },
        {
          "id": "2025-12",
          "cells": [
            "December 2025",
            "₹310.02 billion · $3.27 billion"
          ]
        },
        {
          "id": "2026-01",
          "cells": [
            "January 2026",
            "₹310.02 billion · $3.27 billion"
          ]
        },
        {
          "id": "2026-02",
          "cells": [
            "February 2026",
            "₹298.45 billion · $3.14 billion"
          ]
        },
        {
          "id": "2026-03",
          "cells": [
            "March 2026",
            "₹320.87 billion · $3.38 billion"
          ]
        },
        {
          "id": "2026-04",
          "cells": [
            "April 2026",
            "₹311.15 billion · $3.28 billion"
          ]
        },
        {
          "id": "2026-05",
          "cells": [
            "May 2026",
            "₹309.54 billion · $3.26 billion"
          ]
        },
        {
          "id": "2026-06",
          "cells": [
            "June 2026",
            "₹317.81 billion · $3.35 billion"
          ]
        },
        {
          "id": "2026-07",
          "cells": [
            "July 2026",
            "₹319.61 billion · $3.37 billion"
          ]
        },
        {
          "id": "2026-08",
          "cells": [
            "August 2026",
            "₹322.97 billion · $3.4 billion"
          ]
        },
        {
          "id": "2026-09",
          "cells": [
            "September 2026",
            "₹324.9 billion · $3.42 billion"
          ]
        }
      ]
    },
    {
      "title": "Separately dated contributing accounts",
      "source": {
        "name": "Association of Mutual Funds in India",
        "url": "https://www.amfiindia.com/mutual-fund"
      },
      "columns": [
        "Month",
        "Contributions in the complete account cohort",
        "Contributing accounts"
      ],
      "rows": [
        {
          "id": "2026-04",
          "cells": [
            "April 2026",
            "₹311.15 billion · $3.28 billion",
            "96.49 million"
          ]
        },
        {
          "id": "2026-05",
          "cells": [
            "May 2026",
            "₹309.54 billion · $3.26 billion",
            "96.41 million"
          ]
        },
        {
          "id": "2026-06",
          "cells": [
            "June 2026",
            "₹317.81 billion · $3.35 billion",
            "97.83 million"
          ]
        }
      ]
    },
    {
      "title": "Account registrations and discontinuations",
      "source": {
        "name": "Association of Mutual Funds in India",
        "url": "https://www.amfiindia.com/mutual-fund"
      },
      "columns": [
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        "New accounts",
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        "Outstanding accounts"
      ],
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          "id": "2026-04",
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            "5.07 million",
            "5.13 million",
            "104.43 million"
          ]
        },
        {
          "id": "2026-05",
          "cells": [
            "May 2026",
            "5.42 million",
            "5.17 million",
            "104.67 million"
          ]
        },
        {
          "id": "2026-06",
          "cells": [
            "June 2026",
            "5.55 million",
            "5.06 million",
            "105.16 million"
          ]
        }
      ]
    }
  ],
  "downloads": {
    "json": "https://data.indiadispatch.com/data/series/capital-markets/sip-contributions.json",
    "csv": "https://data.indiadispatch.com/data/series/capital-markets/sip-contributions.csv"
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}