Monthly SIP contributions to mutual funds reached Rs 32,490 crore in September 2026, according to the figure AMFI published on its website (checked on 31 October 2026). Average assets under management (AAUM) for the industry in the same month stood at Rs 87.09 lakh crore. Both are monthly industry totals, not returns.
What AMFI reported for September 2026
| Item | September 2026 | Source |
|---|---|---|
| SIP contributions for the month | Rs 32,490 crore | AMFI graphic on amfiindia.com |
| Average AUM for the industry | Rs 87.09 lakh crore | AMFI graphic on amfiindia.com |
The SIP figure is the money investors put into mutual fund SIPs during the month, added up across the industry. It is a flow. It does not show how many investors started or stopped a SIP, what the funds earned, or whether the money stayed invested.
AAUM is the average of assets over the month. It is a different measure from the month-end net asset figure that other reports quote, so do not put the two side by side as if they measured the same thing.
What the SIP figure does and does not tell you
A SIP splits a fixed amount into regular instalments, so a higher monthly total means more instalments were paid in that month. It says nothing about the value of those units on any given day, and AMFI's graphic makes no statement about returns or markets.
Monthly SIP totals are one line in AMFI's wider data. Net flows across all schemes are a separate measure, so read them separately.
Try it: SIP Calculator lets you enter a monthly amount, an assumed annual rate and the number of years, and shows the amount invested, the estimated returns and the corpus.
A labelled SIP example: Rs 10,000 a month for 10 years
The example uses round, labelled assumptions: Rs 10,000 a month, an assumed 12 percent annual return, and 120 monthly instalments. The monthly rate is 12 divided by 12, which is 1 percent, and each instalment earns the monthly rate from the month it is paid in. This is a calculation, not a forecast or an expected return.
Worked example: Rs 10,000 a month for 10 years at an assumed 12 percent a year. Calculation only, not a forecast. Source: SIP formula used in the SIP Calculator.
| Step | Working | Value |
|---|---|---|
| Monthly SIP | assumed input | Rs 10,000 |
| Assumed annual return | assumption, not a forecast | 12 percent |
| Monthly rate | 12 / 12 / 100 | 0.01 |
| Number of instalments | 10 x 12 | 120 |
| Total invested | 10,000 x 120 | Rs 12,00,000 |
| Value after 10 years | P x [((1+i)^n - 1) / i] x (1+i) | Rs 23,23,391 |
| Estimated growth | value - invested | Rs 11,23,391 |
Example figures, not today's rates.
Value Amount invested
Invested Rs 12,00,000Value after 10 years Rs 23,23,391
At the assumed rate the value after 10 years is about Rs 23,23,391 on Rs 12,00,000 invested. Changing the assumed rate changes the result a lot, so run the same inputs at 8 and 10 percent in the calculator before you compare them with any other figure.
Who this affects
Anyone with an existing SIP, anyone planning one, and anyone reading monthly industry totals. The figures are industry totals. They do not show the amount any one investor put in or what any one scheme returned, so they cannot be used to judge a fund. For a target amount set against a number of years, the Goal SIP Calculator works backwards to the monthly amount needed at an assumed rate.
To work out the return on a particular SIP or lumpsum, the Mutual Fund Returns Calculator takes SIP or lumpsum inputs and shows XIRR or CAGR for the figures you enter.
What has not changed
This AMFI release is a monthly data publication. It does not change any SIP rule, minimum amount, fee or tax treatment, and this post does not change them either. Check the SEBI and AMFI pages before you act on any rule.
Checklist before you read a monthly SIP figure
- Check the month the figure covers, which here is September 2026.
- Check the measure: SIP contributions are flows, and AAUM is an average of assets.
- Check whether a return figure appears in the same release. This one does not contain one.
- Run any personal number through a calculator with stated inputs, and read the result as an estimate.
Common mistakes
- Treating a high monthly SIP total as a sign of where markets are heading.
- Comparing AAUM with a month-end AUM figure from another source.
- Reading a calculator result at an assumed rate as a return the fund will earn.
