However, the overall mutual fund industry witnessed a net inflow of Rs 70,813.4 crore, compared to an inflow of Rs 45,999.5 crore in the previous month.

Last Updated: Jun 08, 2020, 04.24 PM IST

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Trade war escalation triggers heavy cross-border outflows of Asian equities in May

The net inflows into equity mutual funds have seen a dip in May, data from AMFI suggests. Equity mutual funds saw net inflows worth Rs 5,256.52 crore in May, around 15% lower than the inflows garnered in April. The inflows stood at Rs 6,212.96 crore in April.

Equity Fund Category Inflows/Outflows in April (in crore) Inflows/Outflows in May (in crore)

Multi Cap Fund 1,240.15 758.54
Large Cap Fund 1,691.31 1,555.59
Large & Mid Cap Fund 346.33 703.55
Mid Cap Fund 497.16 279.69
Small Cap Fund 384.33 293.04
Dividend Yield Fund -4.83 -5.98
Value Fund/Contra Fund 141.33 92.74
Focused Fund 743.19 669.80
Sectoral/Thematic Funds 421.58 197.17
ELSS 752.42 712.37
Total 6,212.96 5,256.52

However, the overall mutual fund industry witnessed a net inflow of Rs 70,813.4 crore, compared to an inflow of Rs 45,999.5 crore in the previous month. The uptick was led by debt mutual fund categories and some hybrid fund categories. The total new inflows into debt mutual fund schemes stood at Rs 63,665.54 crore in May, compared to a total of Rs 43,431.55 crore in April.

Debt Fund Category Inflows/Outflows in April (in crore)

Inflows/Outflows in May (in crore)

Overnight Fund 2,602.80 -15,880.91
Liquid Fund 68,848.01 61,870.87
Ultra Short Duration Fund -3,419.32 1,524.77
Low Duration Fund -6,841.07 301.25
Money Market Fund -1,210.35 5,010.47
Short Duration Fund -2,309.05 2,040.18
Medium Duration Fund -6,363.52 -1,519.72
Medium to Long Duration Fund -190.90 156.76
Long Duration Fund 301.94 283.03
Dynamic Bond Fund -1,155.11 -75.14
Corporate Bond Fund 4,168.92 3,831.52
Credit Risk Fund -19,238.98 -5,173.04
Banking and PSU Fund 6,561.20 8,873.35
Gilt Fund 2,515.61 1,947.08
Gilt Fund with 10 year constant duration 93.23 142.65
Floater Fund -931.87 332.42
Total 43,431.55 63,665.54

Some mutual fund categories witnessed outflows in May, which include overnight funds, medium duration funds, dynamic bond funds, credit risk funds, dividend yield funds and all hybrid fund categories, except arbitrage funds. Arbitrage funds were among the top grocers, garnering inflows worth Rs 10,806.16 crore in May.

Hybrid Fund Category Inflows/Outflows in April (in crore) Inflows/Outflows in May (in crore)

Conservative Hybrid Fund -585.89 -341.90
Balanced Hybrid Fund/Aggressive Hybrid Fund -851.78 -978.23
Dynamic Asset Allocation/Balanced Advantage -463.85 -401.45
Multi Asset Allocation -28.52 -40.00
Arbitrage Fund 6,587.05 10,806.16
Equity Savings (452.22) -392.54
Total 4,204.78 8,652.04

“Despite economic uncertainty and market volatility, Investors showing matured investment behaviour continue to repose confidence in equity mutual funds, reflected by robust monthly SIP contribution. On the Debt side, investors, taking advantage of conducive reducing interest rates trend and shift towards high quality AAA rated, has resulted in steady rise in the net flows. Credit Risk concerns have ebbed, following regulatory support, redemptions have come down and we would see investors allocating higher quantum of savings to high quality debt paper.”

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