Mutual funds have pulled out Rs 17,600 crore from stock markets in July-August mainly on account of negative sales in equity-oriented schemes.

This comes against the backdrop of the coronavirus pandemic-related disruptions, a sharp slowdown in economic activity across the globe and volatility in equity markets.

“The recent withdrawals by mutual funds can be attributed to the negative fund flows in equity mutual fund schemes since the last two (July-August) months,” said Divam Sharma, co-founder of Green Portfolio, a Sebi-registered portfolio management services.

Read more at Hindustan Times