NEW DELHI : Inflows into equity mutual funds dropped to five months low of ₹5,256 crore in May amid market volatility and uncertain economic environment due to coronavirus pandemic.
Overall, the mutual fund industry witnessed a net inflow of ₹70,813 crore across all segments, last month data by Association of Mutual Funds in India showed on Friday.In comparison, an inflow of Rs 45,999 crore was seen in April.As per the data, inflows into equity and equity-linked open ended schemes was at ₹5,256 crore, while an outflow of ₹211 crore was seen from close ended funds.In April, such schemes attracted a net infusion of ₹6,213 crore.Prior to this, equity schemes saw an investment ₹11,723 crore in March, ₹10,796 crore in February, ₹7,877 crore in.