Mutual fund SIP stoppage ratio at 75% in October, contributions hit record Rs 29,529 crore

Monthly mutual fund SIP contributions hit a record Rs 29,529 crore in October, while the SIP stoppage ratio eased to 74.85% from Septembers 76.27%. New SIP registrations rose to 60.25 lakh against 57.73 lakh in September, with 45.10 lakh SIPs discontinued or completed.