AMFI Data: Equity Mutual Fund Inflows Drop to Lowest in 12 Months to ₹22,907.77 Crore in May 2026

Equity mutual fund inflows in India experienced a significant decline of over 40% in May 2026, according to the Association of Mutual Funds in India (AMFI).  

Despite this drop, the sector has maintained a positive flow for 63 consecutive months. 

Key Decline in Equity Mutual Fund Inflows 

In May 2026, net inflows into equity mutual funds fell sharply to ₹22,907.77 crore, a substantial decrease from ₹38,440.20 crore recorded in April.  

This figure marked the lowest inflow within the past year. Nevertheless, equity mutual funds continued their trend of positive inflows, a streak that started in March 2021. 

The decline in inflows was observed across multiple key equity categories. Large-cap funds saw net inflows diminishing to ₹1,592.93 crore in May from ₹2,524.6 crore in April.  

Mid-cap fund inflows dropped significantly to ₹4,385.06 crore from ₹6,551.4 crore.  

Small-cap funds also saw a decrease to ₹4,945.57 crore from ₹6,885.9 crore. 

Hybrid Funds and Debt Categories Witness Changes 

Hybrid funds experienced a slowdown as well, with net inflows reducing to ₹10,560.24 crore from ₹20,565.2 crore in April.  

Meanwhile, among debt categories, credit risk funds attracted net inflows of ₹49.46 crore, a stark fall from ₹1,317.7 crore in April.  

Corporate bond funds recorded net outflows of ₹7,009.94 crore against net inflows of ₹6,196.5 crore in the preceding month. 

Read More: Best Index Funds For June 2026: LIC Mutual Fund, ICICI Prudential Mutual Fund and More Based on 10-Year CAGR! 

Other Fund Movements Noted in May 

Liquid fund outflows were evident, with net outflows of ₹29,680.94 crore in May, contrasting the net inflows of about ₹1,65,104.67 crore in April.  

Other Exchange-traded funds (ETFs) registered net outflows of ₹620.2 crore against inflows of ₹10,754.9 crore a month earlier.  

Additionally, Gold ETFs registered net outflows of ₹725.04 crore compared to net inflows of ₹3,040.3 crore in April. 

Collections through New Fund Offers (NFOs) also moderated. Inflows from NFOs were ₹471 crore in May, a decrease from ₹828 crore in April.  

Despite the decline in overall equity inflows, systematic investment plan (SIP) contributions remained steady at ₹30,954 crore during the month. 

Conclusion 

While May saw a marked decline in equity mutual fund inflows, the positive trend continued for the 63rd month. Various fund categories experienced reductions, contributing to this drop, yet SIP contributions remained strong. 

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Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.