Debt mutual funds see over Rs 1 lakh crore outflows in June. Is the outflow trend likely to continue? - Huge withdrawals

Debt mutual funds saw Rs 1.09 lakh crore in outflows in June. This marked the second consecutive month of withdrawals. Varun Gupta, CEO, Groww Mutual Fund, said, "The scale of the outflow therefore reflects seasonal liquidity management." Corporates pulled money out to meet tax obligations, causing a 5% AUM decline.