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Mutual fund (MF) investors' ability to invest in listed stocks was crippled by large public floats in May, a report by <a target="_blank" href="https://www.business-standard.com/article/markets/on-the-radar-ipos-suck-mutual-fund-liquidity-in-may-shows-data-122061500029_1.html">Business Standard </a>noted.

It informed that as per an analysis done by Edelweiss Alternative Research, state-owned insurance major <a target="_blank" href="https://mintgenie.livemint.com/stocks/life-insurance-corporation-of-india-S0005258">LIC</a> and Softbank-backed logistics major <a target="_blank" href="https://mintgenie.livemint.com/stocks/delhivery-S0005276">Delhivery </a>attracted MF investments worth ₹4,065 crore and ₹2,418 crore in May.

Overall, MFs invested ₹29,400 crore in the month of May even as overseas investors sold shares worth ₹42,900 crore, noted the BS report, adding that <a target="_blank" href="https://mintgenie.livemint.com/stocks/hdfc-bank-S0003020">HDFC Bank</a>, <a target="_blank" href="https://mintgenie.livemint.com/stocks/reliance-industries-S0003018">Reliance Industries </a>and <a target="_blank" href="https://mintgenie.livemint.com/stocks/icici-bank-S0003019">ICICI Bank </a>were the other counters that saw substantial MF investments.

HDFC Bank witnessed the highest investment from MFs, worth ₹4,314 crore, followed by LIC and then RIL at ₹2,445 crore. Meanwhile, ICICI Bank also saw investments worth ₹2,346 crore, as per the report.

On the other hand, <a target="_blank" href="https://mintgenie.livemint.com/stocks/kotak-mahindra-bank-S0003043">Kotak Mahindra Bank</a>, <a target="_blank" href="https://mintgenie.livemint.com/stocks/steel-authority-of-india-S0003035">SAIL </a>and <a target="_blank" href="https://mintgenie.livemint.com/stocks/upl-S0003029">UPL </a>saw new outflows from domestic funds. The top 5 stocks that saw the worst outflows by MFs include Kotak Bank worth ₹630 crore, followed by SAIL at ₹565 crore, UPL at ₹491 crore, <a target="_blank" href="https://mintgenie.livemint.com/stocks/hdfc-life-insurance-company-S0003103">HDFC Life </a>at ₹477 crore and <a target="_blank" href="https://mintgenie.livemint.com/stocks/indian-oil-corp-S0003056">Indian Oil</a> at ₹437 crore, added the report.

Overall, inflows into equity mutual funds recovered in the month of May, rising 16 percent MoM to ₹18,529 crore despite uncertainties around the ongoing geopolitical crisis, rising inflation and consistent foreign outflows. This is the fifteenth straight month of inflows in equity mutual funds.

However, the overall <a target="_blank" href="https://mintgenie.livemint.com/news/personal-finance/inflows-in-equity-mf-jump-16-in-may-debt-funds-see-outflows-due-to-rate-hike-amfi-data-151654766930033">mutual fund </a>schemes including debt and equity, saw outflows in May worth ₹14,598.6 crore in May against an inflow of ₹16,193.7 crore in April, data from the Association of Mutual Funds in India (AMFI) showed on Thursday. This was mainly due to major outflows in ultra-short duration funds, short-duration funds, and money market funds.

Category-wise, all equity-oriented mutual fund categories continued to see inflows in May. Flexi cap funds saw the highest net inflow of ₹2,939 crore. Meanwhile, large-cap, large &amp; mid-cap funds and sectoral/thematic funds also saw inflows of over ₹2,200 crore each.

However, multicap funds witnessed the least investments among all categories.

MF inflows in listed stocks crippled by large IPOs in May: Report

Stocks

As per an analysis done by Edelweiss Alternative Research, state-owned insurance major LIC and Softbank-backed logistics major Delhivery attracted MF investments worth ₹4,065 crore and ₹2,418 crore in May.

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