Equity mutual funds saw inflows for the third straight month as the stock market optimism defied a resurgence in Covid-19 infections and its impact on the Indian economy. Debt schemes, however, drove overall outflows for the industry in May.
Net inflows into equity and equity-linked schemes jumped nearly threefold over the preceding month to Rs 10,083 crore in May, the highest since March 2020, according to data released by the Association of Mutual Funds in India.

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