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Investors have pulled out more than Rs 48,000 crore from various mutual fund schemes in June after putting in a staggering Rs 1.44 lakh crore in the preceding two months.
As per the latest data available with the Securities and Exchange Board of India (SEBI), there was a net outflow of Rs 48,403 crore in June as against a net inflow of Rs 37,435 crore in the previous month.
In April, investors had pumped in Rs 1.06 lakh crore in various mutual fund (MF) schemes, the highest in two years.
This was the highest net inflow by investors in MF schemes in a single month since April 2011, when investors had put in Rs 1.84 lakh crore.
At gross level, mutual funds mobilised Rs 6.98 lakh crore in June, while there were redemption worth Rs 7.46 lakh crore as well. This resulted in a net inflow of Rs 48,403 crore.
This significant level of funds withdrawal has also contributed to the decline in the total assets under management of mutual funds that fell to Rs 8.11 lakh crore as on June 30, from Rs 8.68 lakh crore in the previous month.
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