Jan 9 Reuters Inflows into India39;s equity mutual funds rose about 15 monthonmonth in December, with investors continuing their buying spree unaffected by the prospect of fewer U.S. rate cuts in 2025 and worries of likely moderation in earnings.

Inflows into equity mutual funds rose to 411.56 billion rupees 4.8 billion last month compared to 359.43 billion rupees in November 2024.

December saw the second highest monthly inflows ever, extending the streak of inflows to the 46th month the longest streak on record, data released by the Association of Mutual Funds in India AMFI on Thursday showed.

India39;s benchmark NSE Nifty 50 and BSE Sensex fell about 2 in December 2024, while the broader smallcaps and midcaps rose 0.6 and 1.4, respectively.

Money coming into smallcap and midcap equity mutual funds rose 4.3 and 13.5 respectively, while inflows into largecap funds fell 21.

This is the highest and the secondhighest monthly inflows on record into midcap and smallcap equity mutual funds, respectively.

Higher returns in the broader small and midcaps have continued to aid investor interest in these segments. But earnings delivery in the December quarter will be crucial for the interest to sustain, said Sanjeev Hota, vice president and head of research at Mirae Asset Sharekhan.

Inflows into sectoral and thematic funds doubled monthonmonth to 153.32 billion rupees in December 2024, helped by the launch of 12 new such funds during the month. These funds saw greater…