Flows into Indian equity mutual funds in May rebounded from the smallest in 31 months as Prime Minister Narendra Modi’s comfortable electoral win spurred appetite for risk assets. Stock plans took in ₹5,410 crore ($778 million), according to the Association of Mutual Funds in India (Amfi). Funds that invest in mid- and small-cap stocks contributed ₹2,700 crore, or about half the month’s inflow, Amfi data show. Hybrid funds, which hold both stocks and bonds, posted an inflow of ₹1,270 crore versus an outflow of ₹1,610 crore. Amfi didn’t provide comparative numbers as it changed the way it reports monthly flows data to comply with market regulator’s rules on re-classification of mutual funds.

Source: Mint June 10, 2019 10:30 UTC