June 7, 2015 11:24 AM

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Mutual Funds attract Rs 4200 crore in May

Mutual Funds attracted nearly 4,200 crore rupees in May, taking the total net inflow close to 57,000 crore in the past one year, primarily on account of positive returns from equities. This also marks the 13th consecutive month of net inflows by mutual fund houses into the stock markets. Industry insiders believe that mutual funds would continue to attract medium to long term money into equities even as the stock markets have turned volatile in the last few weeks. According to data released by capital market regulator Sebi, the money in equities started coming in from the second half of May 2014, after the announcement of General Election's verdict and the momentum has continued till date.

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