Apr + May '26 average actively-managed equity-oriented flows at ~Rs316 bn; similar to average in 4QFY26/trailing 12M CITI'S TAKE Actively-managed equity-oriented flows (equity+ELSS+balanced advantage+equity savings) dipped to Rs232 bn in May'26 (SMID mix tops at 40%; highest since Dec'23) from Rs401 bn in Apr'26. Nevertheless, average Apr'26+May '26 flows at Rs316 bn was similar to average levels in 4QFY26/trailing 12M at Rs309/323 bn. SIP flows remained steady at Rs309.5bn. Consequently, MoM dip reflects h ...