After mutual fund inflows surged to Rs 1.26 trillion in November, top fund manager Leo Puri said that the industry will continue to see strong inflows. In November, the industry AUM hit a new life high of Rs 22.79 lakh crore. The equity AUM has nearly quadrupled from Rs 1.66 lakh crore in April 2014 to Rs 6.56 lakh crore as of November 2017 even though in the same period overall industry AUM rose from Rs 9.45 lakh crore to Rs 22.79 lakh crore. \u201c2017 has been a blockbuster year for mutual funds. We have seen a lot of inflows and liquidity,\u201d Leo Puri of UTI AMC told CNBC TV18. In the same interview, Leo Puri observed that SIPs have a significant contribution in the overall inflows. AMFI data shows that the MF industry had added about 9.05 lakh SIP accounts each month on an average during the FY 2017-18, with an average SIP size of about \u20b93,250 per SIP account. In November alone, SIPs contributed to Rs 5,893 crore of the total inflows. A recent report by Deutsche Bank underscored how the rising component of Systematic Investment Plans (SIPs) is changing the profile of Indian savings towards equity investments. \u00a0\u201cThe accelerating momentum of inflows into the equity schemes of mutual funds indicates that the financialisation of the domestic savings cycle in India \u2014 which began in earnest in 2014 \u2014 is becoming deeply entrenched,\u201d Deutsche Bank said in a research note. \u201cThe mutual fund industry has been among the biggest beneficiaries of demonetisation, which resulted in low interest rates on bank deposits. The move also helped investors shift from physical assets to financial savings. Years of perseverance by industry players and the regulator seems to have paid off, finally,\u201d Bajaj Capital CEO Rahul Parikh told PTI earlier this week. While these inflows may look eye-popping, ace investor Rakesh Jhunjhunwala says that this is just the beginning. \u201cIndian money into the market is going be a tsunami! I think it\u2019s not even reached a flood,\u201d Rakesh Jhunjhunwala told CNBC TV18 in October this year. India\u2019s Warren Buffett is bullish in the whole \u201cfinancialisation of savings\u201d theme. \u201cIndian money into the market is going be a tsunami! I think it\u2019s not even reached a flood,\u201d Rakesh Jhunjhunwala told CNBC TV18 in a recent interview.