Equity mutual fund inflows in December reached Rs 28,054 crore, with systematic investment plans (SIPs) setting a new record high, as per data from the Association of Mutual Funds in India (AMFI). The monthly SIP inflows surged to Rs 31,002 crore, up from Rs 29,445 crore in November, marking a 5% and 17% increase on monthly and yearly bases, respectively. Gold ETFs also saw significant inflows of Rs 11,647 crore in December, surpassing November’s Rs 3,742 crore, according to AMFI data.
Flexi-cap funds experienced a notable rise in inflows, reflecting investor interest in strategies offering allocation flexibility across market capitalizations amid changing market dynamics. The mutual fund industry reported an overall net outflow of Rs 66,571 crore in December. Hybrid schemes attracted Rs 10,756 crore in inflows, while ‘other schemes’, including ETFs, recorded net inflows of Rs 26,723 crore.
Himanshu Srivastava, Principal Manager Research at Morningstar Investment Research India, noted that while equity participation remains strong structurally, investors are now focusing more on portfolio balance, diversification, and risk management rather than broad-based risk-taking. Despite intermittent market volatility, flows remained resilient, supported by steady SIP contributions and confidence in India’s long-term growth outlook.
The mutual fund industry in India, particularly SIPs, is expected to witness robust growth in 2026, driven by increased participation from Gen Z, women, and households in smaller cities and towns. Data from AMFI revealed that investors had poured over Rs 3 lakh crore into mutual fund schemes through systematic investment plans until November, marking the first time in a calendar year. SIPs have emerged as a strong growth engine for the Indian mutual fund industry, contributing to steady growth in assets under management (AUM) alongside sustained net inflows and deepening retail participation.
