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
