The June mutual fund (MF) inflow data is in and the numbers are anything but pretty. In fact, there is a fall of over 95 percent month-on-month (MoM). Flows that were anyway dwindling, have now come down to Rs 250 crore. This at a time when retail investor interest in direct equity is reaching an all-time high.
In a special edition of Money Money Money, CNBC-TV18’s Surabhi Upadhyay caught up with Swarup Mohanty, CEO of Mirae Asset Global Investments, Nikhil Kamath, co-founder and CIO of Zerodha and True Beacon, Sunil Subramaniam, MD and CEO of Sundaram Mutual Fund and Gaurav Rastogi, founder, and CEO of kuvera.in and discussed what exactly is going on and how does one explain the disconnect, lower interest in MFs and higher interest in direct trading or investing.