BFSI Funds Top May Returns; SIPs Favor Large Caps

BFSI thematic funds led May's returns with 5.5% gains and attracted Rs 1,013 crore in inflows. Large-cap funds delivered 1.5% returns but drew Rs 8,565 crore, nearly four times small-cap inflows. SIP contributions rose 16% year-on-year to Rs 30,954 crore, supported by 9.64 crore active accounts. FII sales totaled Rs 32,963 crore while DIIs bought Rs 82,165 crore in equities. Micro-cap funds rose 5.7% with weak inflows; small-cap funds gained 3.4% with Rs 2,229 crore, mid-caps 1.6% with Rs 3,898 crore, and flexi-cap 2.1% with Rs 5,350 crore. The report notes large-cap funds remain the largest AUM and continue to attract capital.