New Delhi, Dec. 29 -- Plain-vanilla debt mutual funds have been slow to attract fresh flows for over two years now, and 2025 was no exception, even as hybrid and equity mutual funds outpaced these fixed-income schemes.

The total assets of debt mutual funds have grown 1.3 times since November 2023 to Rs.20 trillion as of November 2025, compared to hybrid and equity assets, which have grown 1.8 times over the same period.

The total assets for hybrid funds stood at Rs.11.4 trillion, and those for equity stood at Rs.35.4 trillion as of November, according to data from the Association of Mutual Funds in India (Amfi).

The reasons for lower inflows into debt mutual funds are primarily due to changes in taxation and lower awareness about the p...