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Equity mutual funds see Rs 10,000 cr-inflow in May

Equity mutual funds see Rs 10,000 cr-inflow in May; indicates investor confidence in economy
Mutual Funds
Equity mutual funds witnessed a net inflow of over Rs 10,000 crore in May, making it the third consecutive monthly infusion.
This was way higher than Rs 3,437 crore net inflow seen in April and Rs 9,115 crore in March, data from the Association of Mutual Funds in India showed on Wednesday.
Prior to this, equity schemes had consistently witnessed outflow for eight straight months from July 2020 to February 2021.
On the other hand, investors pulled out Rs 44,512 crore from debt mutual funds last month after infusing over Rs 1 lakh crore in April, PTI said. ....

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