According to the Securities and Exchange Board of India (Sebi), fund managers invested net sum of Rs 17,389 crore in May and Rs 22,650 crore in April, taking the total amount to Rs 40,039 crore in the ongoing financial year.

In comparison, mutual funds invested a net amount of Rs 13,420 crore in equities during the first two months of 2015-16.

"After a spectacular past fiscal, we are upbeat about overall inflows in equities and debt markets for the current financial year (2015-16) as well," an industry expert said.

This inflow has helped the mutual fund industry to reach around Rs 12 lakh crore mark in assets under management (AUM) by May-end.

Mutual fund is an investment vehicle with a pool of funds collected from investors to buy securities such as stocks, bonds, money market instruments and similar assets.

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