Mutual Fund Tracker - Equity Inflows Pick Up; AUM Reaches Another Milestone: Motilal Oswal

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Motilal Oswal Report

After consolidating in April 2021 (down 0.4% month-on-month), the Nifty headed north in May 2021 (up 6.5% month-on-month) to close at an all-time high of 15,583.

The rally was propelled by strong foreign institutional investor inflows in the second half of the month and steady decline in daily Covid-19 cases in India, as well as supported by strength in other Asian stock markets.

FII inflows were back and stood at $0.7 billion.

Domestic institutional investors saw inflows for the third consecutive month at $0.3 billion.

Equity assets under management (including equity-linked savings scheme and index funds) of domestic mutual fundss increased 7.7% month-on-month to Rs 11.1 trillion in May-21.

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