Inflows into equity mutual funds fall to 5-month low of Rs 5,256 cr in May

Inflows into equity mutual funds dropped to five months low of Rs 5,256 crore in May amid market volatility and uncertain economic environment due to coronavirus pandemic.

Overall, the mutual fund industry witnessed a net inflow of Rs 70,813 crore across all segments, last month data by Association of Mutual Funds in India showed on Friday.

In comparison, an inflow of Rs 45,999 crore was seen in April.

According to the data, inflows into equity and equity-linked open ended schemes was at Rs 5,256 crore, while an outflow of Rs 211 crore was seen from close ended funds, news agency