Business

India SIP Timeline 1963-2026: UTI to a Record 32,297cr Month

India's monthly SIP contributions hit a record 32,297 crore rupees in August 2026, per AMFI data, up from 3,122 crore rupees in April 2016. The habit built up…

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UTI IS BORN

Unit Trust of India Launches India's First Mutual Fund

The Unit Trust of India was set up by an Act of Parliament in 1963, launching Unit Scheme 1964 the following year -- India's first mutual fund, three decades before the…

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PRIVATE FUNDS ARRIVE

SEBI Opens the Market to Private Mutual Funds

SEBI's first Mutual Fund Regulations opened the industry to private and foreign asset managers. Kothari Pioneer launched India's first private-sector schemes that Novemb…

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RULEBOOK WRITTEN

AMFI Forms; SEBI Issues Its 1996 Regulations

AMFI, the industry's non-profit trade body, was incorporated in August 1995. In 1996 SEBI replaced its 1993 rules with the SEBI (Mutual Funds) Regulations, 1996 -- the r…

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COSTS DROP

SEBI Bans Mutual Fund Entry Loads

Effective 1 August 2009, SEBI banned the roughly 2.25% entry load funds had charged upfront -- not 2012, a year sometimes cited incorrectly. More of every invested rupee…

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THE BASELINE

SIPs Cross 3,122 Crore a Month as Digital KYC Arrives

AMFI recorded 3,122 crore rupees in monthly SIP contributions in April 2016 -- the baseline this page measures a decade of growth against. Aadhaar e-KYC and UPI cut onbo…

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STRESS TEST

SIPs Continue Through the COVID-19 Crash

The March 2020 crash was sharp, followed by an unusually fast recovery. SIP contributions dipped only modestly and recovered within months -- a favourable but not guaran…

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THE CLIMB

SIPs Cross 10,000 Crore, Then 20,000 Crore

Monthly SIP contributions crossed 10,000 crore rupees for the first time in September 2021, and 20,000 crore rupees for the first time in April 2024 at 20,371 crore rupe…

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THE RECORD

SEBI Resets the Rulebook; SIPs Hit a Record 32,297 Crore

The SEBI (Mutual Funds) Regulations, 2026 replaced the 1996 rulebook, effective 1 April 2026. In August 2026, AMFI recorded a record 32,297 crore rupees in monthly SIP c…

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