News From Press Mutual funds witness net outflow of Rs 21,535 crore in June

Mutual funds witness net outflow of Rs 21,535 crore in June

Source: Economic Times Jul 16, 2016

Investors pulled out Rs 21,535 crore from various mutual fund (MF) schemes in June, making it the second consecutive monthly outflow, primarily due to huge redemption from money market segment.

In comparison, mutual funds witnessed an outflow of Rs 58,185 crore in May. Prior to that, Rs 1.71 lakh crore was invested in April.
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