As many as 57.5 lakh SIPs (systematic investment plans) were closed in the month of February as investor sentiment remained under pressure due to sustained sell-offs in the equity market. The number of new SIPs registered during the month stood at 44.56 lakh, which pushed the SIP closure ratio to 122% for February against 109% in January, AMFI data showed. In January, 61.33 lakh investors preferred to stop their SIPs against new registrations of 56.19 lakh new accounts, showing an SIP closure ratio of 109, according to the AMFI data released on March 12.