HDFC Balanced Advantage among 11 equity mutual funds that saw outflows of over Rs 300 crore in May

Eleven equity mutual funds, including HDFC Balanced Advantage Fund, saw outflows exceeding Rs 300 crore in May, according to ACE MF data. A total of 267 equity-oriented schemes reported outflows, reflecting selective investor withdrawals despite a broad universe of 742 funds, with large-cap and hybrid categories prominently affected.