A surge of redemption saw equity mutual fund inflows dip by 50% in June, the silver lining is that June the fifth straight month of positive net equity inflows. Here are the details of fund flows and where the money is moving-:
The equity inflow slowdown
- Equity funds got an inflow of Rs 5,988 crore in June 2021, down from Rs 10,082 crore in May.
- Equity-linked saving funds see out flow of Rs 791 cr , Value funds lost Rs 114 crore in June
Where is the money moving?
- Bond funds saw net inflows of Rs 3,566 crore in June 2021 against outflows of Rs 44,512 crore in May
- Mid cap funds got the highest inflows of Rs 1,729 crore (ex-redemptions)
- Floater fund and low duration fund got net inflows of Rs 6,318 crore and Rs 6,273 crore, respectively.
- Gold funds got net inflows of Rs 359 crore in June compared to Rs 287 crore in May