Equity mutual fund inflows jumped 21 per cent to Rs 29,911 crore in November, as per data released by the Association of Mutual Funds in India (AMFI) on Thursday.
Inflows rose after three back-to-back months of decline, hinting at improving investor confidence.
The broader mutual fund industry's total assets under management (AUM) expanded to Rs 80.80 lakh crore in November from Rs 79.87 lakh crore in October, AMFI data revealed. However, the SIP retail participation shrank, and the SIP inflows slipped to Rs 29,445 crore, versus Rs 29,631 crore in October.
Net inflows in equity mutual funds for November stood at Rs 29,911 crore. This was better than 24,690 crore in October, but lower than Rs 30,421 crore in September and Rs 33,430 crore in August.
Flexi-cap funds ruled the roost with the highest inflows at Rs 8,135 crore, despite slumping 9 per cent vs October's number of Rs 8,929 crore.
Debt mutual funds, on the other hand, turned to outflow of Rs 25,692 crore in November, reversing October's inflow of Rs 1.6 lakh crore.
Gold Exchange-traded Funds (ETFs) inflows dipped to Rs 3,742 crore for the reporting month from Rs 7,743 crore in October.
