Net inflows in the equity mutual funds, including equity-linked saving schemes, rose over 17 percent month-over-month in May, according to data released by the Association of Mutual Funds in India (Amfi). Total assets under management rose to Rs 25.93 lakh crore in May, up 4.6 percent from last month. Total net inflows stood at Rs 76,989.81 crore, down 23.3 percent from April.

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Equity funds received Rs 5,407.75 crore in net inflows in May, up 17.33 percent from Rs 4,608.74 crore. Inflows in midcap fund more-than-doubled to Rs 1,272.68 crore, while inflows in smallcap funds rose over 50 percent to Rs 1,415.86 crore MoM.

Balanced or hybrid funds reported net inflows of Rs 1,265.75 crore in May, compared to net outflows of Rs 1,614.83 crore in April.

Investors put Rs 68,583 crore net in liquid funds in May, compared to Rs 89,779 crore in April and outflows of Rs 46,724 crore in May 2018. Total net inflows in income and debt funds stood at Rs 70,119.45 crore in May.

Equity exchange-traded funds recorded net inflows of Rs 2,432 crore, compared to outflows of Rs 4,259 crore in April.

First Published:Jun 10, 2019 12:59 PM IST