Equity mutual funds witnessed an outflow of Rs 2,480 crore in July, making it the first withdrawal in more than four years, primarily on profit-booking by investors.
Overall, the mutual fund industry witnessed a net inflow of 89,813 crore across all segments last month, much higher than Rs 7,265 crore seen in June, data by Association of Mutual Funds in India showed on Monday.
This inflow could be attributed to infusion in liquid funds and low duration funds.
As per the data, outflow from equity and equity-linked open ended schemes was at Rs 2,480.35 crore in July as compare to an inflow of