India's mutual fund industry reached a record Rs 81 lakh crore in Assets Under Management (AUM) by November 2025, adding Rs 14 lakh crore during the year. This growth was propelled by significant retail investor participation and consistent Systematic Investment Plan (SIP) inflows, which collectively contributed to offsetting foreign portfolio investor outflows. While the growth rate moderated compared to previous years, the long-term trend remains strong, with investors favoring large-cap, diversified, and hybrid strategies.