Mumbai, Feb. 17 -- Hordes of mutual funds investors rushed to stop their payments under systematic investment plans, or SIPs, in January, but market experts argue there is no need to hit the panic button just yet.

The SIP stoppage ratio-discontinued or expired SIP accounts against new SIP registrations in a given month-spiked to 109% in January, the highest since it hit 52% in April last year, per a JM Financial Institutional Securities report dated 13 February.

In absolute terms, however, the number of outstanding SIP accounts declined from 103.2 million in December to 102.7 million in January-by about 0.5%.

Even so, the decline in outstanding SIPs-as more SIP accounts were discontinued than were registered-is an indication that recen...