After three months of slowing momentum, equity mutual fund inflows in India surged 21% month-on-month in November to ₹299.11 billion ($3.31B), driven by strong corporate earnings, steady economic growth, and easing inflation.
Systematic Investment Plan (SIP) contributions remained near record highs at ₹294.45 billion, continuing a powerful trend that has supported the equity market since February 2021.
“SIP contributions of nearly ₹300 billion each month are a pillar of support for markets,” said Venkat Chalasani, CEO of AMFI.
🔹 Key Market Highlights
- SIP inflows rose 26% YoY in January–November to ₹3.04 trillion ($33.7B).
- Domestic flows have helped offset $18B in foreign outflows during 2025.
- The Nifty 50 and mid-cap index climbed around 2% to record highs in November.
- Small-caps fell 3%, even as broader inflows strengthened.
Morningstar’s Himanshu Srivastava noted that the broad-based inflows show investors are seeking opportunities across market segments as the recovery gains traction after 14 months.
India’s retail-driven mutual fund ecosystem continues to play a critical role in powering the post-pandemic market rally — even in the face of persistent foreign selling.