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The mutual fund industry saw assets under management return to over ₹12 lakh crore in May, mostly through inflows into equity and income funds, according to data released by the Association of Mutual Funds in India.
Income, equity and balanced funds saw the highest inflows, which, coupled with mark-to-market gains helped the industry’s strong show on the AUM front.
Liquid funds see outgoAlthough ridden with volatility, the benchmark CNX Nifty gained 3.1 per cent in May, after falling 3.7 per cent and 4.6 per cent in April and March, respectively.
However, money went out of liquid funds to the tune of ₹15,657 crore, while ETFs — gold and others — also witnessed outflow.
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