Equity Mutual Fund Inflows Fall 40% in May to One-Year Low of Rs 22,908 Crore

New Delhi: Equity-oriented mutual fund schemes witnessed a net inflow of Rs 22,908 crore in May, the lowest level in a year, amid volatile market conditions.

The inflow declined 40 per cent from Rs 38,440 crore recorded in April, according to data released by the Association of Mutual Funds in India (Amfi) on Wednesday. Overall, the mutual fund industry reported a net outflow of Rs 64,131 crore in May against a net inflow of Rs 3.22 lakh crore in April, primarily due to a withdrawal of Rs 96,948 crore from debt-oriented schemes.

Consequently, the industry’s Assets Under Management (AUM) dipped to Rs 81.6 lakh crore at the end of May from Rs 81.92 lakh crore a month earlier.

According to the data, net inflows into equity schemes stood at Rs 22,908 crore in May, compared with Rs 38,440 crore in April, Rs 40,450 crore in March, Rs 25,978 crore in February and Rs 24,028 crore in January.

The latest inflow was the lowest since May 2025, when equity mutual funds had attracted a net inflow of Rs 19,013 crore.

Within the equity category, Flexi Cap funds garnered the highest net inflow of Rs 5,175 crore during the month, followed by Small Cap funds at Rs 4,945 crore and Mid Cap funds at Rs 4,385 crore. Large Cap funds received a comparatively lower inflow of Rs 1,593 crore.

On the other hand, Dividend Yield Funds and Equity Linked Savings Schemes (ELSS) witnessed net outflows during the month.

Meanwhile, Gold Exchange Traded Funds (ETFs) recorded a net outflow of Rs 725 crore in May, against an inflow of Rs 3,040 crore in April, indicating a moderation in investor appetite for the asset class.