Miscellaneous
Inflows into equity mutual fund schemes almost got completely wiped out in June while redemption pressure also intensified. June equity mutual fund inflows plunged to 51-month low to Rs 240.55 crore which is nearly 96% fall from May, or lowest since March 2016. Inflows through SIP also slipped below Rs 8000 crore first time since November 2018. SIP contribution has been steadily falling. To understand how worrisome are these trends, I am joined by Himanshu Srivastava Associate Director, Morningstar.