Inflows into India's equity mutual funds declined 14.2% in November, after hitting a record high in the previous month, but offset hefty foreign outflows as domestic investors continued their buying spree undeterred by a market correction.

Equity mutual funds saw growth despite a month on month decline. For the month of November, equity schemes recorded inflows of Rs 35,943 crore, down 14 percent from the previous month.

Open-ended mutual funds saw a sharp 75% drop in monthly inflows, falling to ₹60,363 crore in November from ₹2.39 lakh crore in October. Equity mutual fund inflows declined by 14%, while debt fund inflows plummeted by 92% during the same period.