At Rs 10,083 cr, equity MFs garner highest inflows in 14 months in May

Industry AUM tops Rs 33 trillion as markets log new highs

Equity-oriented schemes saw net inflows for the third consecutive month in May amid a sharp up move in the stock prices. Inflows stood at Rs 10,083 crore in May—highest since March 2020, data released by industry body Association of Mutual Funds in India (AMFI) showed.

Market experts said run up in the markets coupled with waning in covid-19 infections has helped keep the mood buoyant. They, however, said the valuations have turned expensive and investors should also focus on asset allocation.

“The unfortunate part is inflows always follow near-term returns. Higher the past one-year returns, stronger will be the inflows