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India Mutual Fund Inflows Dip by Half in May; SIP Contributions Reach All-Time High according to Industry Data

Indian equity mutual funds saw a 50% drop in inflows in May. However, systematic investment plans offset the decline, with record contributions of INR147.49bn and 1.05 million new SIP accounts opened. Small-cap funds garnered most of the investments, while large-cap funds experienced outflows. Despite the decline, the Nifty 50 index rose 2.6% due to steady foreign inflows.

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