Investors pulled out Rs 21,535 crore from various mutual fund (MF) schemes in June, making it the 2nd consecutive monthly outflow, primarily due to huge redemption from money market segment.
In comparison, MFs witnessed an outflow of Rs 58,185 crore in May. Prior to that, Rs 1.71 lakh crore was invested in April. The latest outflow was mainly due to withdrawal of money from liquid or money market funds. As per data from the Association of Mutual Funds in India investors withdrew Rs 21,535 crore from MF schemes in June 2016.