Equity Mutual Funds See Outflows For Sixth Straight Month Even As Benchmarks Hit Records
Jan 08 2021, 6:18 PM
January 08 2021, 2:59 PM
January 08 2021, 6:18 PM
Equity mutual funds continued to witness outflows for the sixth straight month even as the benchmark indices scaled new peaks.Investors pulled out a net Rs 10,147.12 crore from equity and equity-linked mutual fund schemes in December compared with an outflow of Rs 12,917.36 crore in the preceding month, according to data released by the Association of Mutual Funds in India. The outflow in November was the highest since at least April.
Equity mutual funds continued to witness outflows for the sixth straight month even as the benchmark indices scaled new peaks.