At Rs 240 crore, equity schemes' June inflows weakest in four years

Flows were 95 per cent lower than previous month's tally

Equity mutual fund (MF) schemes saw net inflows of just Rs 240 crore in June, recording their worst month in over four years, even as the markets clocked gains of over 7 per cent during the month.

Interestingly, gold exchange-traded funds garnered higher flows (Rs 494 crore) than equity schemes in June, underscoring risk-aversion among MF investors.

According to industry experts, this could be attributed to redemptions by institutional investors and individual investors amid economic disruptions caused by the Covid-19 pandemic.

“Redemptions from institutional investors and sizeable outflows from large- and multi-cap funds have skewed the data. There has also been a flight