<p>Inflows into equity mutual funds dropped to five months low of Rs 5,256 crore in May amid market volatility and uncertain economic environment due to coronavirus pandemic.</p>.<p>Overall, the mutual fund industry witnessed a net inflow of Rs 70,813 crore across all segments, last month data by Association of Mutual Funds in India showed on Friday.</p>.<p>In comparison, an inflow of Rs 45,999 crore was seen in April.</p>.<p>As per the data, inflows into equity and equity-linked open ended schemes was at Rs 5,256 crore, while an outflow of Rs 211 crore was seen from close ended funds.</p>.<p>In April, such schemes attracted a net infusion of Rs 6,213 crore.</p>.<p>Prior to this, equity schemes saw an investment Rs 11,723 crore in March, Rs 10,796 crore in February, Rs 7,877 crore in January and Rs 4,499 crore in December.</p>.<p>"Inflows into equity funds, while lower than previous months continue to remain positive largely driven by SIP inflows. Investors continue to prefer Large & Multi cap funds given the market volatility and uncertain economic environment due to the COVID-19 pandemic," said Kaustubh Belapurkar, Director at Manager Research, Morningstar India.</p>.<p>Almost all the equity-oriented mutual fund categories registered net inflows last month.</p>.<p>Large-cap, multi-cap, ELSS (equity linked saving schemes), and large cap & mid-cap saw inflows of Rs 1,556 crore, Rs 758 crore and Rs 737 crore and Rs 712 crore respectively during the month under review.</p>.<p>In addition, mutual funds focussed on investing in fixed-income securities saw a net inflow of Rs 63,665 crore last month as compared to Rs 43,431 crore in April.</p>.<p>Among fixed-income securities, overnight funds and credit risk funds witnessed a pull out of Rs 15,881 crore and Rs 5,173 crore, respectively.</p>.<p>Besides, gold ETFs too saw an inflow of Rs 815 crore last month, higher than Rs 731 crore witnessed in April.</p>.<p>The assets under management of the 44-players mutual fund industry stood at Rs 24.55 lakh crore in May-end from Rs 23.93 lakh crore in April-end.</p>
<p>Inflows into equity mutual funds dropped to five months low of Rs 5,256 crore in May amid market volatility and uncertain economic environment due to coronavirus pandemic.</p>.<p>Overall, the mutual fund industry witnessed a net inflow of Rs 70,813 crore across all segments, last month data by Association of Mutual Funds in India showed on Friday.</p>.<p>In comparison, an inflow of Rs 45,999 crore was seen in April.</p>.<p>As per the data, inflows into equity and equity-linked open ended schemes was at Rs 5,256 crore, while an outflow of Rs 211 crore was seen from close ended funds.</p>.<p>In April, such schemes attracted a net infusion of Rs 6,213 crore.</p>.<p>Prior to this, equity schemes saw an investment Rs 11,723 crore in March, Rs 10,796 crore in February, Rs 7,877 crore in January and Rs 4,499 crore in December.</p>.<p>"Inflows into equity funds, while lower than previous months continue to remain positive largely driven by SIP inflows. Investors continue to prefer Large & Multi cap funds given the market volatility and uncertain economic environment due to the COVID-19 pandemic," said Kaustubh Belapurkar, Director at Manager Research, Morningstar India.</p>.<p>Almost all the equity-oriented mutual fund categories registered net inflows last month.</p>.<p>Large-cap, multi-cap, ELSS (equity linked saving schemes), and large cap & mid-cap saw inflows of Rs 1,556 crore, Rs 758 crore and Rs 737 crore and Rs 712 crore respectively during the month under review.</p>.<p>In addition, mutual funds focussed on investing in fixed-income securities saw a net inflow of Rs 63,665 crore last month as compared to Rs 43,431 crore in April.</p>.<p>Among fixed-income securities, overnight funds and credit risk funds witnessed a pull out of Rs 15,881 crore and Rs 5,173 crore, respectively.</p>.<p>Besides, gold ETFs too saw an inflow of Rs 815 crore last month, higher than Rs 731 crore witnessed in April.</p>.<p>The assets under management of the 44-players mutual fund industry stood at Rs 24.55 lakh crore in May-end from Rs 23.93 lakh crore in April-end.</p>