Net inflows into equity mutual funds slipped to a 13-month low in May, marking the fifth consecutive month of reduction. Data released by the Association of Mutual Funds in India on Tuesday, June 10, showed that net inflows dropped by 22% month-on-month to ₹190.13 billion.This decline was observed across large-cap, mid-cap, and small-cap fund categories, despite Nifty 50 Index advanced by 1.7% in May, marking its third consecutive month of gains.
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