Mutual fund data for December indicates a maturing Indian investor base, with experts noting a tactical use of debt funds for liquidity and sustained investment in equities for long-term growth. Despite net outflows of approximately Rs 66,500 crore, attributed to seasonal rebalancing, SIP collections reached a record Rs 31,001.67 crore. This suggests continued investor confidence in the mutual fund industry, even as gold and silver ETFs see record inflows due to strong bullion rallies.