Investors have pulled out a little over Rs 25,000 crore from various mutual fund (MF) schemes in June, with money markets contributing the most to the outflow.
The move comes following an inflow of about Rs 1.12 lakh crore into mutual fund products in the preceding two months (April-May).
According to data from the Association of Mutual Funds in India, investors withdrew a net Rs 25,085 crore in MF schemes last month.
Industry insiders said that investors withdrew capital from the liquid or money market instrument last month but they continued to be bullish on the equity schemes.
Equity and equity linked schemes saw an inflow of Rs 12,273 crore last month, the second-highest into equity MFs ever, Deutsche Bank-equity research-Asia said.
The June net inflows are second only to Rs 13,700 crore seen in January 2008.
However, liquid or money market category witnessed an outflow of about Rs 47,330 crore, while Gold ETF (Exchange Traded Funds) saw a pull out of Rs 76 crore.
With the latest outflow, the net inflow in the schemes was at Rs 85,727 crore in the first quarter (April-June)of the current fiscal, 2015-16.
There are 44 mutual funds in the country and their total Average Asset Under Management stands at Rs 11.73 lakh crore at the end of June.