Investors reduced their Systematic Investment Plan (SIP) contributions by 3% to ₹31,115 crore as geo-political tensions may have reduced their confidence in April 2026.

They had increased their contributions by 7% to ₹32,807 crore in March 2026, which itself was a jump from a 3% slip in February 2026.  The number of contributing SIP accounts fell 0.7% to 9.64 crore in the reporting month after stagnating at 9.7 crore in the previous two months. Daily, weekly, fortnightly and monthly SIPs that have not contributed for more than three months and other duration that have not contributed for more than two consecutive months are not considered “contributing.” The number of discontinued and tenure completed SIPs reduced to 51.3 lakh, down from 53 lakh in the previous month. This also includes legacy accounts. 

The total outstanding SIPs also stagnated at around 10.4 crore for the fourth consecutive month. The number for new SIPs registered also reduced 4% to 50.8 lakh from 52 lakh in the previous month. 

The total inflows into equity mutual funds reduced 5% to ₹38,440.2 crore in April  2026, due to weak global market cues. 

“There is also a visible shift in investor preference. FlexiCap funds are increasingly becoming a core allocation choice for investors looking for participation across market segments, while passive investing continues to gain traction, particularly in the large cap category. While gold remains part of long-term portfolio allocation, equity mutual funds continue to see sustained domestic participation despite global and market-related concerns,” said Suranjana Borthakur, head of distribution & strategic alliances, Mirae Asset Investment Managers.