Equity mutual funds saw a strong revival in November, recording inflows of Rs 29,911 crore, a 21% jump compared to the previous month, according to data released by AMFI on Thursday.

The rise follows three consecutive months of declining inflows, indicating renewed investor confidence in equity markets.

The improvement in equity flows also helped lift the mutual fund industry's overall asset base, with AUM increasing to ?80.80 lakh crore in November, up from ?79.87 lakh crore in October.