Equity Mutualfund Inflows

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Equity Mutual Fund Inflows halve to Rs 3,240 crore in May, lowest since November.

Inflows into equity mutual funds slumped by 50 percent in May to Rs 3,240.30 crore even as Indian markets moved a tad higher during the month, data released by the Association of Mutual Funds in India (AMFI) showed.

The May equity inflows have been the lowest since November 2022, when the number stood at around Rs 2,500 crore. In April, net inflows into equity mutual funds stood at Rs 6,480.29 crore.

Despite the fall, equity fund inflows have remained in the positive zone for 27 straight months now.

In May, inflows into debt mutual funds also more than halved to Rs 45,959.03 crore from Rs 1.06 trillion in April.

In equity, large-cap funds saw net outflows of Rs 1,362.28 crore, while small-cap funds saw the highest inflows to the tune of Rs 3,282.50 crore.

In March 2023, net inflows into equity funds had jumped 31 percent to Rs 20,534.21 crore month-on-month (MOM), a one-year high then. February net equity inflows had stood at Rs 15,685.57 crore.

Indian markets have remained volatile over the past few months, with benchmarks Sensex and Nifty trading almost flat since the start of the year. In May, the Sensex rose around 2 percent.