Mumbai, June 10 (IANS): Equity mutual funds continued to witness strong investor interest in May, attracting net inflows of Rs 22,907.77 crore, according to data released by the Association of Mutual Funds in India (AMFI). The mutual fund industry’s assets under management (AUM) stood at Rs 81.58 lakh crore during the month, while the total number of folios rose to 27.65 crore, indicating sustained retail participation in financial markets. Among equity categories, flexi-cap funds emerged as the top contributors with net inflows of Rs 5,175.54 crore, followed by small-cap funds at Rs 4,945.57 crore and mid-cap funds at Rs 4,385.06 crore. Together, these three categories attracted more than Rs 14,500 crore, accounting for over 63 per cent of total equity inflows and reflecting investors’ continued preference for diversified and broader-market strategies. Large and mid-cap funds received net inflows of Rs 3,278.22 crore, while multi-cap funds attracted Rs 2,291.01 crore.
Hybrid schemes also remained popular among investors, recording net inflows of Rs 10,560.24 crore during the month. Within the category, arbitrage funds led with inflows of Rs 5,697.90 crore, followed by multi-asset allocation funds at Rs 3,928.51 crore. Among passive investment products, index funds registered net inflows of Rs 943.26 crore, while fund of funds investing overseas attracted Rs 763.99 crore. In contrast, Gold Exchange-Traded Funds (ETFs) witnessed net outflows of Rs 725.04 crore. The latest figures follow a strong April performance for the mutual fund industry, when overall inflows reached Rs 3.22 lakh crore and equity-oriented schemes attracted net investments of Rs 38,440.20 crore, highlighting continued investor confidence in mutual fund products despite evolving market conditions.