Equity mutual funds saw Rs 121 billion net inflow in May: AMFI

Inflow into equity schemes last month was Rs 121 billion, up 8 per cent over April, shows data from the Association of Mutual Funds of India (Amfi). This was still below the 12-month average of Rs 144 billion. 

Those in the sector say equity inflow has been holding up despite market volatility. While benchmark indices remained flat, the broader market mid-cap and small-cap indices had dropped as much as 8 per cent in May.

Sundeep Sikka, chief executive officer (CEO) at Reliance Nippon AMC, says in the current market environment, continued healthy contribution from systematic investment plans (SIPs) is an important indicator. 

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