Investors pumped in Rs 11,710 crore into equity mutual funds during the three months ended June, a slump of 62 percent from the preceding quarter on account of market volatility and uncertain economic environment due to the Covid-19 pandemic.

The positive inflow pushed the asset base of equity mutual funds (MFs) to Rs 7.01 lakh crore by June-end from Rs 5.78 lakh crore at the end of March, data from the Association of Mutual Funds in India showed.

As per the data, inflows into equity and equity-linked schemes were at Rs 11,710 crore in the three months ended June, compared to Rs 30,703 crore in the January-March quarter.

Read more at Hindustan Times