Equity mutual fund inflows in India experienced a 6% month-on-month decline, settling at ₹28,054 crore in December 2025, according to data released by the Association of Mutual Funds in India (AMFI). This figure is notably lower than November's ₹29,911 crore and marks a significant 32% year-on-year decrease from the ₹41,155 crore recorded in December 2024. Despite the overall dip in equity inflows, Systematic Investment Plans (SIPs) demonstrated robust growth, reaching an all-time high of ₹31,002 crore in December. This represents a 5% increase from November's ₹29,445 crore and a 17% rise year-on-year, highlighting the continued confidence of retail investors in disciplined investing. Gold Exchange Traded Funds (ETFs) also saw a substantial surge in investor interest, attracting ₹11,647 crore in December, a dramatic increase from ₹3,742 crore in November, reflecting a 211% jump. Among equity sub-categories, flexi-cap funds emerged as the leader, pulling in a record ₹10,019 crore during the month. Mid-cap and large & mid-cap funds followed, receiving ₹4,175 crore and ₹4,093 crore, respectively. However, the broader mutual fund industry witnessed net outflows totalling ₹66,571 crore in December, primarily driven by significant redemptions in debt mutual funds, which saw an outflow of ₹1.32 lakh crore. This indicates a cautious investor stance amidst portfolio rebalancing.