The positive inflow pushed the asset base of debt mutual funds to Rs 11.63 trillion at June-end from Rs 11.5 trillion at the end of March, according to data with Association of Mutual Funds on India
Debt categories continued to see redemptions. Credit risk funds saw a bulk of the outflows at Rs 19,238 crore, registering the worst month for the category in 13 months
This was the sixth successive year of net inflows in equity mutual funds
The outflow has pulled down the assets under management of the 44-players mutual fund industry to Rs 22.26 trillion in March-end from Rs 27.23 trillion in February-end
Overall, the mutual fund industry witnessed a net outflow of Rs 1,985 crore across all segments, mainly owing to withdrawal from liquid or money market category
Total flows into MFs up 13% to Rs 9,152 crore; Small-cap funds see 56% surge
Debt segment saw outflows of Rs 1.71 trillion compared to inflows of Rs 70,119 crore in May
Market players say volatility in the broader market and sharp sell-off in indebted companies could have hurt investor sentiment
Price-to-earnings expand when yields soften and the valuations come down when yields harden as risk-reward dynamics change
Investor sentiment hit due to choppy market; SIPs still a bright spot