The Indian mutual fund industry continued its upward trajectory in November 2025, with the Association of Mutual Funds in India (AMFI) reporting another month of robust asset growth, strong retail participation, and sustained SIP inflows.
According to AMFI’s monthly data, the industry’s Net AUM rose to ₹80,80,369.52 crore in November, up from ₹79,87,939.94 crore in October 2025. The Average AUM (AAUM) for the month also stood higher at ₹81,31,763.67 crore, reflecting strong market performance and consistent investor inflows.
The industry witnessed healthy expansion in investor participation, with total mutual fund folios increasing to 25,86,14,320, after adding 26.11 lakh new folios during the month. Retail participation remained strong, with Retail MF Folios (Equity, Hybrid, and Solution-Oriented Schemes) rising to 20,15,85,661, up from 19,98,07,323 in October. Retail AUM also grew, touching ₹46,48,599 crore in November 2025.
For the equity segment, November marked the 57th consecutive month of positive equity inflows, continuing the trend seen since March 2021. The SIP ecosystem remained the backbone of retail investing, with SIP AUM climbing to ₹16,52,665.35 crore, accounting for 20.5% of the total industry AUM. SIP contributions for the month came in strong at ₹29,445.28 crore, while the number of contributing SIP accounts reached 9,42,51,845.
Product expansion in the mutual fund space also remained active, with 24 open-ended schemes launched in November 2025, collectively raising ₹3,126 crore across categories.
In addition, SIF (Strategic Investment Fund) assets witnessed a significant jump, rising 45.8% month-on-month to ₹2,932 crore, compared with ₹2,010 crore in October. Net flows into SIFs stood at ₹902 crore, indicating rising investor appetite for newer investment avenues.
Commenting on the performance, an AMFI spokesperson said:
“The mutual fund industry crossed the ₹80 lakh crore mark in November, reflecting steady investor confidence. SIP assets rose to ₹16.53 lakh crore, now contributing over one-fifth of the industry’s total AUM, indicating that investors remain committed to disciplined, long-term investing. Equity-oriented schemes continued to drive growth, supported by sustained inflows. Hybrid and passive funds also saw healthy traction, with multi-asset and arbitrage funds together accounting for over 70% of hybrid category flows.
SIFs saw a 45% month-on-month increase in assets, suggesting gradually increasing interest in newer investment avenues among mass-affluent investors. As the industry expands, AMFI remains committed to strengthening investor awareness and ensuring a transparent, diversified, and accessible investment ecosystem.”
The industry’s November data underscores the continued resilience of India’s mutual fund market, driven by consistent retail engagement, stable SIP flows, and growing investor trust in long-term financial planning.
