Indian equity mutual fund inflows hit one-year low in May
Inflows into Indian equity mutual funds fell 40% to a one-year low in May. High oil prices and geopolitical tensions drove the decline despite steady SIPs.
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India equity mutual fund inflows fell 40% to 229.08 billion rupees ($2.40 billion) in May, reaching a one-year low. This decline from April levels followed market volatility triggered by the United States and Iran conflict. High energy costs threaten to stoke domestic inflation and widen the trade deficit for the world's third-largest oil importer.
