The latest data released by Association of Mutual Funds of India (AMFI) showed that the average Assets Under Management (AUM) of mutual funds were Rs 25.43 lakh crore in May, up marginally from Rs 25.27 lakh crore in the previous month. Flows in equity mutual funds witnessed a spurt of 17.33% to Rs 5407 crore in May compared to Rs 4608.74 crore seen in April. Inflows in Systematic Investment Plans (SIPs) declined marginally to Rs 8183 crore in May from Rs 8238 crore in April.
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