New Delhi, June 23 -- Net inflows into equity mutual funds fell sharply in May 2026 as volatile market conditions and geopolitical concerns weighed on investor sentiment, according to the latest Axis Mutual Fund analysis of AMFI data.

The report said that "with markets continuing to be volatile amidst elevated geopolitical tensions, uncertainty around negotiations, concerns around potential supply disruptions and volatility in crude prices, net inflows into Equity Mutual Funds fell 40% in May '26 (from Rs 38,426 Cr. to Rs 22,898 Cr.), marking the lowest level in the past 12 months and the second-lowest since the market correction began in September 2024."

Equity mutual funds recorded net inflows of Rs 22,898 crore in May, down from Rs 3...