Equity Mutual Funds (including ELSS) reported a marginal rise in inflows in May 2019, bringing in Rs 4,968 crore over the month, as compared to an inflow of Rs 4,229 crore in April 2019. Inflows through SIPs continued to hover over the Rs 8,000 cr mark, at Rs 8,183 cr in May 2019 versus Rs 8,238 cr in April. Aggressive Hybrid Funds and other equity-oriented hybrid schemes, continued to report an outflow, for the fifth consecutive month. As per SEBI data, Mutual Funds turned net buyers of stocks after two consecutive months of selling. Mutual Funds bought Rs 5,164 cr worth of stocks in May 2019, versus a selling of Rs 4,920 cr in April 2019. Equity Mutual Fund exposure to cash as a category fell to around Rs 39,772 cr in May 2019 from about Rs 42,000 cr in April 2019. On calculating the imputed inflows* into different market cap categories, we find that fund houses were buying Large-cap^ stocks....