Equity MFs continue to see positive momentum; ₹18,529-cr inflow recorded in May

New Delhi Witnessing positive momentum for the 15th straight month, equity mutual funds attracted a

Witnessing positive momentum for the 15th straight month, equity mutual funds attracted a net sum of ₹18,529 crore in May amid heightened volatility in stock markets and consistent selling by Foreign Portfolio Investors (FPIs).

This was much higher compared to a net inflow of ₹15,890 crore in April, data from the Association of Mutual Funds in India (AMFI) showed on June 9.

Equity schemes have been witnessing net inflow since March 2021, highlighting the positive sentiment among investors.

Prior to this, such schemes had consistently witnessed outflows for eight months from July 2020 to February 2021 losing ₹46,791 crore.

All the equity-oriented categories received net inflows in May with flexi cap funds category being the biggest beneficiary with a net inflow of ₹2,939 crore.

Besides, large-cap, large & mid-cap fund and sectoral/thematic funds witnessed over ₹2,200 crore net infusion each.

“Even with markets facing high volatility, uncertainty due to the Ukraine-Russia war, supply chain disruptions, high inflation and lower economic growth projections, investors are opting for equity mutual funds,” Gopal Kavalireddi, Head of Research at FYERS, said.