Equity mutual funds saw sharp inflows, an indication that with receding pandemic numbers, people are renewing faith in the markets.
The biggest gainers in the equity category were ETFs, Index funds and Funds investing overseas. Arbitrage funds due to its tax advantage over liquid and ultra short term funds grew by INR 4,521 crs.
The Debt funds have been out of flavour due to lower returns. The biggest loser’s were liquid and overnight funds along with FMPs. The total debt funds outflows were INR 44,512 crs.
For all this and much more please go through our “Mutual Fund Flows – May 2021.”