Equity mutual fund inflows fall to ₹2,906 crore in May: AMFI Data

Equity mutual funds saw net inflows of 2,906 crore in the month of May 2023, declining from 5,275 crore worth inflows in the previous month, data released by Association of Mutual Funds in India (AMFI) showed.

The inflows in Systematic Investment Plan (SIP) hit a record of 14,749 crore in May as compared to 13,728 crore in April.

Inflows into smallcap mutual funds, however, increased to 3,283 crore in May from 2,182 crore in April. The midcap funds witnessed an inflow of 1,196 crore, up from 1,791 crore and dividend yield funds saw inflows of 289 crore.

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As per the AMFI data, the largecap funds registered an outflow of 1,362 crore. Whereas, outflows in Equity linked saving schemes, or ELSS, stood at 505 crore during the month. 

Debt funds saw inflows at 45,959 crore in May, significantly lower as compared to 1.06 lakh crore in April. 

Inflows into hybrid funds jumped to 6,093 crore from 3,317 crore, MoM, while liquid fund inflows decreased to 45,234 crore from 63,219 crore, MoM.

The total asset under management (AUM) of the mutual fund industry as of May 2023 rose to 43.20 lakh crore from 41.61 lakh crore in April.

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Updated: 09 Jun 2023, 01:55 PM IST

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