New Delhi, June 10 -- Inflows into India's equity mutual funds moderated to the lowest in a year in May as US-Iran peace deal uncertainty weighed on investors' risk appetite.

Equity mutual fund inflows declined 40% to Rs.22,907 crore in May from Rs.38,440 crore in April, according to data released by the Association of Mutual Funds in India (AMFI). On a year-on-year (YoY) basis, inflows rose 20% from Rs.19,013 crore in May 2025.

Inflows into large-cap funds declined to Rs.1,593 crore in May from Rs.2,524.6 crore in April. Mid-cap fund inflows declined to Rs.4,385 crore from Rs.6,551.4 crore, while small-cap funds received Rs.4,946 crore worth inflows in May compared with Rs.6,885.9 crore in the previous month.

"The lower inflows is due...