 "money, cash, private equity")
Equity flows continued to decline in May. The contribution through systematic investment plans or SIPs, also remained on a downward trajectory amid market volatility.
In May, the 50-share Nifty was down 2.8 per cent after witnessing a strong recovery in the previous month.
According to the data from Association of Mutual Funds in India, equity schemes garnered net flows of Rs 5,256 crore, 15 per cent lower than the previous month.
“As the markets consolidated after the run-up, investors considered taking money off the table. Also, investors’ appetite to make fresh allocations has reduced,” said D P Singh, executive director
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