India’s mutual fund industry recorded net equity inflows of ₹29,894 crore in November 2025, a 21 % increase from ₹24,671 crore in October 2025, as per AMFI data. Total assets under management (AUM) rose to ₹80.80 lakh crore from ₹79.87 lakh crore month on month.
Equity categories saw broad-based inflows across large-cap, mid-cap and small-cap schemes. Debt, liquid and other segments displayed mixed trends, with reduced liquid outflows and varied activity in ETFs, thematic funds and NFOs.
Net equity inflows totalled ₹29,894 crore in November 2025, higher than ₹24,671 crore in October 2025. This represented a 21 % month‑on‑month increase.
Industry AUM climbed to ₹80.80 lakh crore from ₹79.87 lakh crore, indicating continued investor participation. The increase in equity inflows coincided with broad demand across market-cap segments tracked by AMFI.
Large-cap funds attracted ₹1,640 crore in November 2025, up from ₹972 crore in October 2025. Mid-cap funds recorded inflows of ₹4,487 crore, compared with ₹3,807 crore the previous month.
Small-cap funds drew ₹4,407 crore versus ₹3,476 crore in October 2025. These category trends show increased allocations across diversified equity strategies during the month.
Corporate bond funds reported inflows of ₹1,525 crore, significantly lower than October 2025 levels. Liquid funds saw outflows of ₹14,050 crore, a marked moderation from ₹89,375 crore in October 2025.
Credit risk funds experienced outflows of ₹118 crore in November 2025. ELSS funds recorded outflows of ₹570.2 crore during the month.
Exchange‑traded funds (ETFs) attracted ₹9,721 crore in November 2025, up from ₹6,182 crore in October 2025. Gold ETFs saw inflows of ₹3,742 crore, almost half of the ₹7,743 crore recorded in October 2025.
Sectoral and thematic funds drew ₹1,865 crore, compared with ₹1,366 crore in October 2025. New fund offers (NFOs) raised ₹3,126 crore, down from ₹6,062 crore in the previous month, while dividend yield funds recorded outflows of ₹278 crore versus ₹179 crore in October 2025.
Read More: Mapping India's Mutual Fund Wealth.
AMFI data for November 2025 shows stronger equity inflows alongside a modest rise in overall AUM. Equity categories across large-cap, mid-cap and small-cap funds recorded higher subscriptions than in October 2025.
Debt and liquid segments were mixed, with lower liquid outflows and varied activity in corporate bonds and credit risk funds. ETFs and thematic strategies remained active, while NFO mobilisation eased compared with the prior month.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Dec 11, 2025, 11:42 AM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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