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The monthly data released by the Association of Mutual Funds in India or Amfi, a mutual fund industry standards organisation in India, reveals that investors were selling their equity mutual funds and hybrid funds and holding back their investments in July. Investors are selling mutual fund investments for different reasons. For example, some mutual fund investors are leaving mutual funds because they have no faith in the industry – at least that is what their messages say. The lack of trust is due to many reasons. For example, various mishaps in the debt mutual fund space in the last two years – rating downgrades, defaults, MFs signing up agreements with defaulters, and lastly Franklin Templeton Mutual Fund shutting down six of its debt funds.