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Mumbai June 9 In May, the equity schemes of mutual funds faced redemptions of Rs 286 crore in line with the general volatility and weakness in the equity markets as per the data released by the Association of Mutual Funds in India. However, the overall fund industry saw fresh inflows at Rs 55,128 crore in May. In April, Rs 14,920 crore of net inflows had entered into mutual funds.

The fresh inflows in May have entered the liquid/money market category on account of the dipping call rates and enhanced liquidity in the system. Liquid funds witnessed fund inflows at Rs 36,588 crore, while the net inflows in income funds stood at Rs 17,544 crore.

The other category of mutual funds such as ELSS, Gold ETFs and other ETFs received new inflows at Rs 142 crore, Rs 24 crore and Rs 1,357 crore, respectively.

Balanced funds faced redemptions with net outflows at Rs 60 crore, while gilt funds saw outflows at Rs 295 crore for the month.

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MFs see new inflows at Rs 55,128 cr in May

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