Mutual fund SIP stoppage ratio slows down to 63% in July, SIP inflow hits record high to Rs 28,464 crore

SIP stoppage ratio fell to 62.66% in July from 77.77% in June, showing more new SIPs registered than discontinued.

July saw 68.69 lakh new SIPs vs 43.04 lakh discontinued; SIP accounts hit a record 9.11 crore.

SIP contributions touched an all-time high of Rs 28,464 crore.

MF folios rose to 24.57 crore; SIP AUM stood at Rs 15.19 lakh crore.