AMFI Data May 2026: Record gold ETF outflows, Check Where Is Investors Money Going

The latest AMFI data for May is out, and it's sending mixed signals to investors. While the mutual fund industry's AUM surged to ₹81.58 lakh crore, net outflows stood at a massive ₹64,000 crore, largely driven by exits from debt and liquid funds. Equity funds, however, attracted ₹22,900 crore, with small-cap funds receiving nearly ₹5,000 crore in fresh inflows. Meanwhile, Gold ETFs witnessed outflows of ₹725 crore, while silver funds continued to shine. G Chokkalingam, Founder & MD, Equinomics Research, believes gold may see another 3–5% correction, warning that rising recycling supply and profit booking could keep Gold ETFs under pressure. Here's what investors need to watch next.