According to the Association of Mutual Funds in India, despite the mounting potential of a third coronavirus wave derailing India's economic recovery, equities mutual funds received a record inflow of Rs. 24,989.57 crore in Dec 2021, more than double the Rs. 10,686.77 crore in the previous month. Monthly systematic investment plans (SIPs) to mutual funds also reached a new high of Rs. 11,305.34 crore in Dec, up from Rs. 11,004.94 crore in Nov.