India’s equity mutual funds (MFs) have seen strong net inflows of around $1.6 billion in May, according to a Deutsche Bank report released on Tuesday. This was the thirteenth successive month of positive net inflows into equity MFs, adding up to $14.9 billion (around R91,800 crore). The report says that on a nominal basis, this is almost equal to net cumulative inflows over the past 12 years (Jan 2002-Apr 2014). Domestic MFs have also continued to be net buyers of Indian equities, investing $655 million in May this year.