The categories which saw positive flows, along with equity, were income funds, balanced funds and exchange-traded funds (other than gold ETFs).
However, liquid and money market funds saw a massive outflow of Rs 69,399 crore in May. Gilt funds (which primarily invest in government securities) saw investors redeeming units worth Rs 837 crore, showed data from the Association of Mutual Funds in India.
Such a large outflows from liquid & money market funds (primarily invested in by large investors -- institutions and companies) negated the positive flows of the equity segment. As a result, the month saw a net outflow of Rs 58,185 crore.
The sector's AUM as on end-May was Rs 13.81 lakh crore, from Rs 14.21 lakh crore at end-April.