New Delhi, July 10 -- Investor confidence in equity mutual funds remained strong in June despite heightened market volatility, with net investments into equity-oriented schemes rising significantly from the previous month.
According to data released by the Association of Mutual Funds in India (AMFI), equity mutual funds recorded net inflows of Rs 28,973 crore in June, up 26 per cent from Rs 22,908 crore in May.
Although the mutual fund industry reported an overall net outflow of Rs 52,949 crore during the month, the figure improved from the Rs 64,131 crore net outflow seen in May.
The broader outflow was primarily driven by heavy redemptions from debt mutual funds, which witnessed net withdrawals of around Rs 1.09 lakh crore.
Despite th...