Net equity inflows drop 41% month-on-month in June to Rs 5,988 crore

Investors take money off the table as markets hit new record highs

While equity funds witnessed net inflows for the fourth consecutive month in June, the quantum of flows slowed down with investors booking profits as markets touched new lifetime highs. Equity-oriented schemes witnessed net inflows of Rs 5,988.17 core in June, down by almost 41 per cent compared to May.

Gross redemptions stood at Rs 20,922.92 crore as against Rs 15,550.66 crore in May.

“When markets are going up investors keep on booking profits. Investors who have continued their investments through systematic investment plans (SIPs) for 10 years have also redeemed some portion, but are continuing with their SIPs,” said D