Equity Mutual Fund Inflows Drop 22% To ₹19,013 Crore In May Despite Market Gains
By Ankur Chandra | Published at: Jun 10, 2025 07:15 PM IST
Net inflows into equity mutual funds fell drastically by 21.66% on a month-on-month basis to ₹19,013.12 crore in May 2025, as per data published by the Association of Mutual Funds in India (AMFI). This decline comes despite benchmark indices Sensex and Nifty 50 rising 1.51% and 1.71%, respectively, for the month.
Despite this decline in inflows, the mutual fund industry’s AUMs inched up to an all-time high of ₹72.20 lakh crore from ₹69.99 lakh crore in April, showing a continued interest from investors in other fund categories.
Monthly Performance Snapshot
| Metric | May 2025 | April 2025 | Change (%) |
|---|---|---|---|
| Equity MF Net Inflows | ₹19,013.12 crore | ₹24,261 crore* | –21.66% |
| Industry AUM | ₹72.20 lakh crore | ₹69.99 lakh crore | +3.15% |
| Sensex Performance | +1.51% | — | — |
| Nifty 50 Performance | +1.71% | — | — |
*April inflows figure inferred from percentage drop.
How Did Fixed Income and Overall Industry Totals Perform?
In the debt category, debt mutual funds witnessed net outflows of ₹15,908.48 crore in May, a sharp reversal from net inflows of ₹2.19 lakh crore in April. Nevertheless, the overall mutual fund industry reported total net inflows of ₹29,108.33 crore in May, aided by other categories such as hybrid and passive funds.
Sustained Long-Term Trend
Despite the month’s slowdown, open-ended equity schemes have recorded positive inflows for 51 consecutive months since March 2021. This streak highlights investors’ consistent participation in equity markets, often through SIPs and diversified equity products.
About Association of Mutual Funds in India
The Association of Mutual Funds in India (AMFI) is the regulatory association of all SEBI-registered mutual funds in India. It publishes monthly data to ensure transparency and better investor decision-making.
About the Mutual Fund Industry
India’s mutual fund industry, regulated by SEBI, comprises a range of schemes including equity, debt, hybrid, and ETFs. The rising AUM reflects robust growth in retail and institutional participation, and increasing financialization of household savings.
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