Kolkata, June 10 -- The inflows into equity mutual funds in India declined by 21.66 per cent on a month-on-month basis at Rs 19,013.12 crore in May 2025, as compared with Rs 24,269.26 crore in April this year, according to ICRA Analytics senior vice-president and head of market data Ashwini Kumar.

On a year-on-year basis, inflows dropped by nearly 45.2 per cent from Rs 34,697 crore last year as persistent concerns over India-U.S. trade relations following the conclusion of the 90-day pause continued to act as an external headwind.

He said with the inflows to the tune of Rs 3214.21 crore, small cap funds continued to garner investor interest witnessing a growth of 17.97 per cent from Rs 2724.67 crore in May 2024.

The Reserve Bank of Ind...