Equity mutual fund investors are fast gaining confidence on the market outlook and are stepping up their investments. Equity-oriented mutual funds reported the highest monthly net inflows of Rs 10,083 crore in May, almost thrice than that of last month and the highest since February last year. For the past three months, these funds have reported net inflows after net outflows for eight consecutive months. Redemption, too, fell significantly in May as compared with the previous month, according to data from Association of Mutual Funds in India.
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