Equity mutual funds inflow hits 6-month high
According to the data from Association of Mutual Funds in India, equity mutual funds witnessed an inflow of more than ₹4,721 crore in May, the highest in six months, as against a net inflow of ₹4,438 crore witnessed in April. Analysts attributed the rise in inflow to investment in systematic investment plans (SIPs) and strong participation from retail investors.