Mumbai, Dec 11 || SIP inflows in November remained almost steady at Rs 29,445 crore, slightly lower than the Rs 29,529 crore recorded in October, according to data released by the Association of Mutual Funds in India (AMFI) on Thursday.
Despite this minor dip, overall investor participation in mutual funds stayed strong during the month.
Net equity inflows saw a healthy rise, increasing to Rs 29,894 crore in November from Rs 24,671 crore in October.
The industry’s total assets under management also grew, touching Rs 80.80 lakh crore compared to Rs 79.87 lakh crore in the previous month.
“The month’s flows underscore a constructive risk appetite, supported by deep domestic liquidity, strong and sticky retail SIP participation, and optimism about India’s medium-term economic and corporate earnings outlook,” market experts stated.
Within equity categories, large-cap funds attracted Rs 1,640 crore, improving from Rs 972 crore in October.