Equity Mutual Fund Inflows Plummet 95% In June As Investors Book Profits

Equity Mutual Fund Inflows Plummet 95% In June As Investors Book Profits

Net flows into mutual funds that invest in equity dropped more than 95 per centto Rs 241 crore in June from Rs 5,257 crore in May

Inflows into India's equity mutual funds slowed to a trickle in June even as stock markets recovered sharply, as investors worried about the impact of the new coronavirus on their livelihood chose to book profits and stay away. Net flows into mutual funds that invest in equity dropped more than 95 per cent to Rs 241 crore in June from Rs 5,257 crore in May, data published on Wednesday by the Association of Mutual Funds in India (AMFI) showed.NDTv