Daijiworld Media Network – New Delhi

New Delhi, Dec 11: After three months of declining numbers, equity mutual funds witnessed a strong rebound in November, attracting inflows worth Rs 29,911 crore — a 21% rise compared to October — according to data released by the Association of Mutual Funds in India (Amfi) on Thursday.

The renewed investor confidence also helped the overall mutual fund industry expand its asset base, with total Assets Under Management (AUM) climbing to Rs 80.80 lakh crore, up from Rs 79.87 lakh crore in the previous month.

However, retail participation through Systematic Investment Plans (SIPs) showed a mild dip. SIP contributions slid marginally to Rs 29,445 crore, compared to October’s Rs 29,631 crore.

Amfi data revealed a steady pickup in equity fund inflows:

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