With large inflows in May, equity mutual funds are back in favour
The peaking of second wave seems to have boosted investor enthusiasm about equities and has drawn them back to mutual funds
June 12, 2021 / 10:16 AM IST
May turned out to be a spectacular month for markets. Indian equities outperformed major global markets as the benchmark index Nifty touched a record high and the total market capitalisation crossed Rs 3 lakh crore in May.
The mutual fund industry too reached a new milestone with assets under management (AUM) rising to over Rs 33 lakh crore in May, a growth of 2 per cent over the previous month as per AMFI data. More importantly, equity mutual funds saw...