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Equity Mutual Fund inflow surges 26% to Rs 28,973 crore in June

Investors invested Rs 28,973 crore in equity-oriented mutual funds schemes in June, a 26% rise over the previous month, as per Association of Mutual Funds in India (Amfi) data

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Equity-oriented mutual fund schemes witnessed a net inflow of Rs 28,973 crore in June, a sharp surge of 26 per cent from the preceding month, amid volatile market conditions, according to data released by the Association of Mutual Funds in India (Amfi) on Friday.

Overall, the mutual fund industry reported a net outflow of Rs 52,949 crore in June, lower than the Rs 64,131 crore outflow in May, primarily due to a withdrawal of Rs 1.09 lakh crore from debt-oriented schemes.

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