Net inflows in equity funds rise 17% in May

Net inflows in the equity mutual funds, including equity-linked saving schemes, rose over 17 percent month-over-month in May, according to data released by the Association of Mutual Funds in India (Amfi). Total assets under management rose to Rs 25.93 lakh crore in May, up 4.6 percent from last month. Total net inflows stood at Rs 76,989.81 crore, down 23.3 percent from April.

Equity funds received Rs 5,407.75 crore in net inflows in May, up 17.33 percent from Rs 4,608.74 crore. Inflows in midcap fund more-than-doubled to Rs 1,272.68 crore, while inflows in smallcap funds rose over 50 percent to Rs 1,415.86 crore MoM.

Balanced or hybrid funds reported net inflows of Rs 1,265.75 crore in May, compared to net outflows of Rs 1,614.83 crore in April.