Last Updated:June 10, 2025, 13:22 IST
AMFI May 2025: Net equity inflow falls for fifth straight month to Rs 19,013 crore in May.
Net equity inflow in Mutual funds witnessed a fall for the fifth straight month in 2025. (Representative Image)
AMFI May 2025: The net equity inflow fell 22 per cent month-on-month in May to Rs 19,013 crore from Rs 24,269 crore in April 2025.
Total net assets under management (AUM) stood at Rs 54.5 lakh crore across all schemes. In May a total of 19 new open-ended schemes were launched, mobilizing over Rs 4,170 crore.
Liquid funds saw the highest outflows of Rs 4,205 crore, with corporate bond funds and money market funds attracting significant inflows of Rs 11,983 crore and Rs 11,223 crore, respectively.
Total AUM in debt schemes remained robust, with Liquid Funds managing over Rs 5.2 lakh crore.
The broader slowdown in equity inflows can be attributed to a mix of factors: a less buoyant equity market in May compared to April, concerns around global economic headwinds, and a possible consolidation phase or profit booking in the domestic equities following sharp rallies in the previous months and stretched valuations, says Himanshu Srivastava – Associate Director- Manager Research, Morningstar Investment Research India.
Also, heightened global volatility—stemming from geopolitical tensions with India launching Operation Sindoor against Pakistan and concerns around global inflation, contributed to a risk-off sentiment among some investors.
Flexi Cap Funds led inflows with Rs 3,841 crore.
Mid Cap and Small Cap Funds also saw strong inflows of ₹2,808 crore and Rs 3,214 crore respectively.
Sectoral/Thematic Funds had the highest AUM in this category at Rs 4.92 lakh crore.
Index Funds and Other ETFs continued to grow, with combined inflows of over Rs 5,000 crore.
Gold ETFs saw modest inflows of Rs 292 crore.
Nehal Meshram, Senior Analyst – Manager Research, Morningstar Investment Research India says, gold ETFs recorded a net inflow of INR 291.91 crore in May 2025, marking an improvement from the marginal outflow of INR 5.82 crore in April. Flows into the category had remained muted over the past two months, following modest outflows in March as well. The renewed traction in May signals a gradual return of investor interest, likely driven by resilient gold prices and sustained global uncertainties that reinforce gold’s appeal as a strategic hedge.
New Fund Offerings (NFOs)
Notable launches include:
UTI Multi Cap Fund
ICICI Prudential Quality Fund
Motilal Oswal Infrastructure Fund
Angel One Nifty 50 ETF
GROWW GILT FUND

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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