Equity mutual funds inflow tumbles 95% in June due to profit booking

Inflow into equity mutual funds slumped 95 per cent to a little over Rs 240 crore in June as investors pulled out from large-cap and multi-cap funds due to profit booking.

This is the third consecutive monthly decline in inflow in equity mutual funds, data by the Association of Mutual Funds in India (Amfi) showed on Wednesday.

Overall, the mutual fund industry witnessed a net inflow of Rs 7,265 crore across all segments last month, much lower than Rs70,813 crore in May, primarily due to outflow from liquid funds.

As per the data, inflow into equity and equity-linked open ended