Equity mutual fund inflows in India rose 21% in November, ending a two-month decline in net investments, according to the latest data released by the Association of Mutual Funds in India (AMFI). Net inflows into equity mutual fund schemes touched ₹29,911 crore, marking an improvement after subdued participation in September and October.

The rebound follows a 19% fall in October, when equity inflows slipped to about ₹24,690 crore amid weaker sentiment and market volatility. The rise in November reflects stronger investor activity as domestic markets stabilised and inflows broadened across several key categories.

Key Highlights

• Equity mutual fund inflows jump 21% in November, ending a two-month decline
• Large & Mid Cap, Midcap and Multi-Cap Funds drive renewed investor participation

However, the recovery was not uniform across all segments. Equity-Linked Savings Schemes (ELSS) and Dividend Yield Funds continued to record outflows, though at reduced levels compared with the previous month. In contrast, categories such as Large & Mid Cap Funds, Midcap Funds, and Multi-Cap Funds drew higher interest and posted stronger net inflows, indicating a preference for diversified equity strategies and growth-focused investments.

Systematic Investment Plans (SIPs) remained an important contributor to the month’s performance. Though marginally lower than the previous month, SIP inflows stayed close to their recent highs, underscoring steady retail investor participation. The consistent SIP momentum helped support the industry’s overall asset base and tempered fluctuations caused by short-term market movements.

Industry data also shows that hybrid funds and passive funds maintained their upward trend in November. Exchange-traded funds (ETFs) and index funds continued to attract investors, supported by broader adoption of low-cost investment options.

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The improvement in mutual fund inflows provides the industry with firmer momentum heading into the year-end. Market behaviour in the coming months will determine whether this pickup continues, but the November numbers offer a stronger base after two months of moderation.