Equity Mutual Fund Inflows Moderate to Rs 22908 Crore in May
Equity mutual fund inflows declined to Rs 22,908 crore in May from Rs 38,440 crore in April, according to AMFI data. While investor participation in equity schemes remained positive, the mutual fund industry reported overall net outflows due to a sharp reversal in debt fund flows and weaker inflows across several categories.
By Finblage Editorial Desk
10:35 am
10 June 2026
Equity mutual funds continued to attract investor interest in May, although net inflows moderated to Rs 22,908 crore from Rs 38,440 crore in April, according to monthly data released by the Association of Mutual Funds in India (AMFI). The latest figures indicate that retail and long-term investors remain committed to market-linked investment products despite fluctuations in market conditions.
The overall mutual fund industry, however, recorded net outflows of Rs 64,004 crore during the month, compared with net inflows of Rs 3.22 lakh crore in April. The decline was primarily driven by significant outflows from debt-oriented schemes and reduced inflows across other fund categories.
Debt mutual funds witnessed net outflows of Rs 96,949 crore in May, reversing the strong inflows of Rs 2.47 lakh crore recorded in April. Such fluctuations are common in debt schemes, where allocations by institutional investors and corporate treasuries can materially influence monthly flow trends.
Hybrid funds remained in positive territory, attracting net inflows of Rs 10,560 crore during May. However, this was lower than the Rs 20,565 crore recorded in April. The category had also received inflows of Rs 11,983 crore in February before witnessing outflows in March.
The "other schemes" category, which includes exchange-traded funds (ETFs) and index-linked products, recorded net inflows of Rs 362 crore in May, significantly lower than the Rs 20,082 crore received in April and Rs 30,768 crore in March.
Solution-oriented schemes, including retirement and children's funds, continued to see stable investor participation with net inflows of Rs 270 crore during the month, broadly in line with recent trends.
Meanwhile, closed-ended and interval schemes reported net outflows of Rs 1,156 crore in May, compared with outflows of Rs 4,467 crore in April.
Gold ETFs registered net outflows of Rs 725 crore during the month, reversing inflows of Rs 3,040 crore in April. The trend suggests a moderation in investor demand for gold-backed investment products after a period of strong allocations.
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