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Flows to India Stocks Funds Revive as Modi Win Spurs Risk Demand

Flows into Indian equity mutual funds in May rebounded from the smallest in 31 months as Prime Minister Narendra Modi’s comfortable electoral win spurred appetite for risk assets.

Stock plans took in 54.1 billion rupees ($778 million), according to the Association of Mutual Funds in India. That’s an increase from 46.1 billion rupees that the funds got in April, the least since September 2016, data compiled by Bloomberg show.