PTI New Delhi

Inflow in equity mutual funds slumped to its lowest level in 13 months to Rs 19,013 crore in May, with large-cap, mid-cap and small-cap funds experiencing lowered inflows, primarily triggered by profit booking by investors. This also marks the fifth consecutive month of decline in inflow in equity funds and nearly 22% drop in net inflow on a month-on-month basis from Rs 24,269 crore registered in April, according to data released by the Association of Mutual Funds in India (Amfi) on Tuesday.

Despite the deceleration, May marked the 51st consecutive month of positive flows into equity-oriented schemes, reflecting sustained investor confidence. Also, systematic investment plan (SIP) contributions remained robust, registering a record Rs 26,688 crore in inflows in May, higher than Rs 26,632 crore in the preceding month.

Overall, the mutual fund industry experienced an infusion of over Rs 29,000 crore in May compared to Rs 2.77 lakh crore in the preceding month. The inflow has lifted the industry's assets under management to a record Rs 72.2 lakh crore as of May from Rs 70 lakh crore in April-end.

According to the data, equity-oriented mutual funds saw an inflow of Rs 19,013 crore in May, making it the lowest level since April 2024, when such funds experienced an inflow of Rs 18,917 crore. Such funds witnessed an inflow of Rs 24,269 crore in April, Rs 25,082 crore in March, Rs 29,303 crore in February, Rs 39,688 crore in January, and Rs 41,156 crore in December.