Mutual fund SIP inflows slipped marginally by 1% to Rs 30,954 crore in May compared to an inflow of Rs 31,115 crore in April. The monthly inflows remained above the Rs 30,000 crore mark for the third consecutive month. On a yearly basis, the SIP inflows went up 16% from Rs 26,688 crore in May 2025Overall, equity mutual fund inflows declined 40% month-on-month to Rs 22,907 crore in May from Rs 38,440 crore in April. However, on a year-on-year basis, inflows rose 20% from Rs 19,013 crore recorded in May 2025.Debt mutual funds saw a sharp swing in investor sentiment in May, posting net outflows of Rs 96,948 crore compared with inflows of Rs 2.47 lakh crore in April. Nearly all debt fund categories witnessed redemptions during the month, with credit risk funds emerging as the lone exception by attracting Rs 49.46 crore. Liquid funds bore the brunt of the selling pressure, recording outflows of Rs 29,680 crore. Money market funds and overnight funds followed with net withdrawals of Rs 24,691 crore and Rs 15,524 crore, respectively. Hybrid funds also lost momentum, with net inflows nearly halving to Rs 10,560 crore in May from Rs 20,565 crore in the previous month. Arbitrage funds remained the preferred category among investors, drawing Rs 5,697 crore, while multi-asset allocation funds garnered Rs 3,928 crore. Among the remaining hybrid categories, aggressive hybrid funds received Rs 655 crore, balanced advantage funds attracted Rs 181 crore, equity savings funds saw inflows of Rs 75 crore, and conservative hybrid funds added Rs 22 crore. Flows into passive and other schemes weakened significantly during the month. The category, which includes index funds, Gold ETFs, other ETFs and overseas fund of funds, recorded inflows of just Rs 361 crore, down 98% from Rs 20,082 crore in April. Gold ETFs witnessed a turnaround, reporting net outflows of Rs 725 crore after attracting Rs 3,040 crore in April. Other ETFs also saw investors pull out Rs 620 crore. In contrast, index funds received Rs 943 crore, while the overseas fund of funds attracted Rs 763 crore. At the industry level, open-ended mutual fund schemes registered net outflows of Rs 62,848 crore in May, compared with net inflows of Rs 3.26 lakh crore in April. Consequently, the mutual fund industry's assets under management (AUM) slipped marginally to Rs 81.38 lakh crore at the end of May from Rs 81.71 lakh crore a month earlier.