Actively managed equity mutual fund (MF) schemes recorded net inflows of Rs. 8,600 crore in June, even as redemptions rose to a 29-month high of Rs. 29,404 crore, as some investors took money off the table, taking advantage of the buoyancy in the markets.
The net inflow tally was amplified by investments into small-cap funds, which surpassed May collections figures to scale a record Rs. 5,470 crore, reveals latest data released by the Association of Mutual Funds in India (Amfi).
The strong inflows into small-cap funds pushed gross inflows into equity MF schemes to a three-month high of Rs. 38,040