Debt mutual funds saw a sharp reversal in November 2025, registering net outflows of ₹25,693 crore after posting strong inflows of ₹1.60 lakh crore in October, according to AMFI data. The decline was driven mainly by large redemptions from liquidity-sensitive categories as institutional investors pulled out surplus balances ahead of mid-quarter payments and amid tighter financial system liquidity.

Overnight funds recorded heavy outflows of ₹37,624 crore, while liquid funds saw withdrawals of ₹14,051 crore.

“The pullback reflected a mix of month-end treasury adjustments, higher call money rates and advance-tax related withdrawals, effectively reversing the temporary surge seen last month,” said Nehal Meshram, Senior Analyst, Morningstar Investment Research India.

Despite pressure in the

See Full Page