The sharp volatility in Indian stocks on the back of Brexit made retail investors go for one of the highest redemptions in June.
In pure diversified equity funds, investors sold units worth Rs 13,250 crore on gross basis and were countered with gross inflows of Rs 13,205 crore - leading the category into a negative territory in terms of net inflows.
This is the second largest redemption in equity segment, after March this year. And, it is significantly higher than the normal monthly redemptions, which hover between Rs 5,000-Rs 8,000 crore.
