New Delhi, Dec 11 (PTI) Equity mutual funds attracted Rs 29,911 crore in November, marking a 21 per cent increase from the preceding month, according to data released by industry body Amfi on Thursday.

This rise in inflows comes after three consecutive months of decline, signalling an improvement in investor sentiment.

The positive momentum in equity flows also boosted the broader industry's asset base with total assets under management (AUM) rising to Rs 80.80 lakh crore, up from Rs 79.87 lakh crore in October.

Retail participation through Systematic Investment Plans (SIPs) showed a slight softening. SIP inflows edged down to Rs 29,445 crore, compared with Rs 29,631 crore in the previous month.

According to the data, net flows in equity mutual funds rose to Rs 29,911 crore in November

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