New Delhi: After witnessing strong inflows in the last two months, the mutual funds lost the charm with investors, who pulled out nearly Rs 84,000 crore in June. The combined net outflows into 35 fund houses of the country stood at Rs 83,937 crore in June as against an inflow of Rs 30,148 crore at the end of May, as per data available on the Association of Mutual Funds in India (AMFI) website.
The MF industry witnessed net inflows to the extent of Rs 1,84,340 crore in the first two months of the current financial year.
At the end of June, the investors had pulled out Rs 51,021 crore from income or debt funds while the equity funds witnessed inflows to the tune of Rs 1,493 crore.
During the month of June, the liquid or money market funds, which invest in safer and short-term instruments like treasury bills, certificates of deposit and commercial paper, saw outflows worth Rs 34,378 crore.
Moreover, during the month, the Gilt funds witnessed outflows of Rs 20 crore while balanced funds saw net inflows of Rs 41 crore.
The MF industry witnessed net inflows to the extent of Rs 1,84,340 crore in the first two months of the current financial year.
At the end of June, the investors had pulled out Rs 51,021 crore from income or debt funds while the equity funds witnessed inflows to the tune of Rs 1,493 crore.
During the month of June, the liquid or money market funds, which invest in safer and short-term instruments like treasury bills, certificates of deposit and commercial paper, saw outflows worth Rs 34,378 crore.
Moreover, during the month, the Gilt funds witnessed outflows of Rs 20 crore while balanced funds saw net inflows of Rs 41 crore.
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