AMFI Data: SIP inflows hit record Rs 31,002 crore in December 2025

AMFI Data: The Indian mutual fund industry reported a net outflow of Rs 66,591 crore in December 2025, even as total assets under management (AUM) stood at Rs 80.23 lakh crore at the end of the month, data from the monthly industry report showed.

Gross fund mobilisation was Rs 14.66 lakh crore, while repurchases and redemptions were higher at Rs 15.33 lakh crore, leading to the overall net outflow. The industry had 1,908 schemes and 26.12 crore investor folios as of December 31, 2025.

Record 31,002 crore SIP inflows

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Even as the mutual fund industry saw net outflows in December 2025, systematic investment plans (SIPs) told a different story. Monthly SIP inflows rose to a record Rs 31,002 crore, up from Rs 29,445 crore in November, highlighting continued commitment from retail investors. The industry also added around 26.40 lakh new SIP accounts during the month, underlining steady long-term participation despite short-term volatility in debt and money market funds.

Open-ended schemes drag overall flows

Open-ended schemes, which form the bulk of the industry, recorded a net outflow of Rs 66,532 crore in December. Their combined AUM stood at Rs 79.98 lakh crore, with average AUM for the month at Rs 81.74 lakh crore.

Debt funds see heavy withdrawals

Debt-oriented open-ended schemes witnessed sharp selling pressure. The category saw a net outflow of Rs 1.32 lakh crore during the month.

Liquid funds alone recorded net outflows of Rs 47,308 crore, while money market funds saw outflows of Rs 40,464 crore. Ultra short duration and low duration funds also remained under pressure, reflecting short-term treasury movements by institutional investors.

Equity funds stay resilient

Equity-oriented open-ended schemes reported net inflows of Rs 28,054 crore, offering some support to overall industry flows.

Flexi-cap funds led the category with net inflows of Rs 10,019 crore. Mid-cap and small-cap funds attracted Rs 4,176 crore and Rs 3,824 crore, respectively. However, ELSS schemes saw net outflows of Rs 718 crore during the month.

Total equity AUM stood at Rs 35.73 lakh crore.

Hybrid funds attract steady money

Hybrid schemes continued to see healthy interest. The category recorded net inflows of Rs 10,756 crore in December. Multi-asset allocation funds were the biggest contributors, with net inflows of Rs 7,426 crore.

Gold ETFs shine among passive products

Other schemes, including passive funds, saw strong inflows of Rs 26,723 crore.
Gold ETFs stood out, attracting Rs 11,647 crore of net inflows, while other ETFs added Rs 13,199 crore. Index funds also reported net inflows of Rs 1,731 crore.

Close-ended and interval schemes remain marginal

Close-ended schemes recorded a net outflow of Rs 59 crore, while interval schemes remained negligible in size, with AUM of just Rs 30 crore.

Big picture

Despite strong equity and ETF inflows, large withdrawals from debt funds pulled the industry into net outflows in December. With total folios rising above 26 crore, retail participation remains structurally strong, even as short-term liquidity shifts continue to drive monthly volatility in flows.

Why it matters

Many people took money out of safer debt funds in December, which shows they are worried about short-term market changes. This means your savings in such funds can go up and down. At the same time, people are still putting money into stocks and gold ETFs, showing that long-term investments are still popular. Experts usually advice that, if you invest, it’s important to spread your money across different types of funds to reduce risk.