The overall mutual fund industry witnessed a net inflow of Rs70,813.4cr in May as compared to an inflow of Rs45,999.5cr in April. The total new inflows into debt mutual fund schemes stood at Rs63,665.54cr in May compared to a total of Rs43,431.55cr in April, as per data.
Commenting on May 2020 Mutual Fund Industry AUM data, N S Venkatesh, Chief Executive, AMFI said, “despite economic uncertainty and market volatility, Investors showing matured investment behaviour continue to repose confidence in equity mutual funds, reflected by robust monthly SIP contribution.
"On the Debt side, investors, taking advantage of conducive reducing interest rates trend and shift towards high-quality AAA-rated, has resulted in a steady rise in the net flows. Credit Risk concerns have ebbed, following regulatory support, redemptions have come down and we would see investors allocating a higher quantum of savings to high-quality debt paper,” Venkatesh added.