Equity Fund Inflows Analyzed – November 2025

In November 2025, investors showed strong confidence in Indian mutual funds, pouring in a remarkable Rs 29,911 crore. This is a significant jump – about 21% – compared to October’s inflow of Rs 24,690 crore. This trend suggests growing trust in the Indian stock market.

Key Points

• Strong inflows: Rs 29,911 crore invested in Indian mutual funds.
• Equity gains: 21.2% increase in equity fund investments.
• Large-cap rebound: Large-cap funds saw a substantial recovery.
• Debt funds pullback: Debt funds experienced a significant outflow.
• SIPs slightly down: Monthly SIP contributions decreased slightly.
• Overall AUM growth: Open-ended schemes reached Rs 80.5 trillion.

Specifically, large-cap funds recovered sharply, increasing their inflows by 69% to Rs 1,640 crore. Mid- and large-cap funds also performed well, with combined inflows rising by 42% to Rs 4,503 crore. However, debt funds faced a considerable outflow of Rs 25,692 crore, a change from the large inflow seen in October.

Small-cap funds also saw a boost, increasing their inflows by 27% to Rs 4,407 crore. Gold ETFs also saw an increase of about 57% and total ETF inflows of Rs 9,721 crore. Overall, the mutual fund industry’s assets under management (AUM) grew to Rs 80.5 trillion.

Interestingly, monthly Systematic Investment Plans (SIPs) – a common way for people to invest – dipped slightly to Rs 29,445 crore. This represents a 0.28% decrease compared to October. Despite the downturn in SIPs, the equity portion of the industry’s AUM increased to Rs 35.66 trillion.

Overnight funds had the highest outflow at Rs 37,624 crore, followed by liquid funds, which saw an outflow of Rs 14,050 crore. The trends in gold ETFs shows a decrease in inflows to Rs 3,742 crore, a significant drop from the Rs 7,743 crore seen in October, coinciding with rising gold prices.

Ultimately, these figures highlight shifting investor preferences and the dynamic nature of the Indian investment landscape.