3-month fall ends for equity funds

Net inflows in equity MFs up 21% at ₹29911 cr in Nov; industry AUM tops ₹80 trillion

- ABHISHEK KUMAR

Net inflows into equity mutual fund (MF) schemes rose 21 per cent month-on-month (Mo-M) to ₹29,911 crore in November, snapping a three-month declining streak. The improvement was driven largely by easing redemptions, which fell 11 per cent during the month, while gross inflows registered a modest 1.4 percent uptick.

According to MF executives, although recent net inflow figures appear subdued compared to the record ₹42,700 crore mobilised in July 2025, the underlying trend remains strong when adjusted for new fund offering (NFO) collections.

"This is a constructive trend, especially because the surge in flows earlier in the year was driven largely by NFO activity and recency bias. With one-year returns across equity categories moderating, inflows now appear more balanced and less sentiment-driven," said Suranjana Borthakur, head of distribution and strategic alliances, Mirae Asset Investment Managers (India).

Industry executives said the steady contribution across categories signals improving investor resilience despite market volatility.