Equity-related outflows were another headwind for the rupee, said Dilip Parmar, a foreign exchange research analyst at HDFC Securities. Overseas investors have sold over $1.19 billion worth of Indian equities in October so far, according to NSDL data.
Equity funds outflow slows to ₹4,534 cr in Feb
March 09, 2021
Profit-booking with market on a high; industry AUM still up at ₹31.64-lakh cr from ₹30.5-lakh cr logged in January
Equity mutual funds continued to bleed for the eighth month in a row, but the February net outflows of ₹4,534 crore were much lower than the ₹9,253-crore logged in January.
With the stock markets hitting a new high, almost all categories of equity funds logged outflows as investors booked profits.
Flexi-cap fund bleeds most
The newly formed flexi-cap fund category recorded the highest exits of ₹4,497 crore while value contra and large-cap funds logged outflows of ₹1,379 crore and ₹1,280 crore, respectively. In contrast, the multi-cap fund set saw inflows of ₹4,078 crore, according to the Association of Mutual Funds in India data.