 "funds")
Inflows into equity-oriented mutual fund (MF) schemes moderated in June amid the sharp selloff seen in the stock prices due to worries of a global recession. Net inflows stood at Rs 15,498 crore, 18 per cent below the 2022 average of Rs 18,829 crore and 16 per cent below May’s tally of Rs 18,529 crore. However, sustained inflows into systematic investment plans (SIPs) endured for the 16th straight month.
On June 17, the market had dropped to its lowest level since May 2021 and several mid- and small-caps had slipped into bear market territory amid huge outflows from foreign
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