Equity MFs’ inflows slid 40% to ₹5,988 cr. in June
The Hindu
Profit booking by investors slows flows
Inflows into equity mutual funds (MFs) dropped sharply by 40% to ₹5,988 crore in June on profit booking by investors as stock markets witnessed sharp rallies in recent times. In comparison, the equity MFs had seen net inflows to the tune of ₹10,083 crore in May, the highest fund infusion in 14 months, data from the Association of Mutual Funds in India (AMFI) showed on Thursday. Equity schemes saw a net inflow of ₹3,437 crore in April and ₹9,115 crore in March. Prior to this, equity schemes had consistently witnessed outflows for 8 months from July 2020 to February 2021.
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