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MFs make fresh buys into 6 gold ETFs and 4 stocks, exit 29 scrips in November
The asset management companies also made fresh entry into four stocks Gland Pharma, Kirloskar Industries, Marksans Pharma and Shreno in November.
Sunil Shankar Matkar
December 17, 2020 / 10:05 AM IST
Equity mutual funds witnessed the highest ever monthly outflow in November at Rs 12,971 crore, the fifth straight month of withdrawals. The total outflow in the last five months stands at Rs 22,910 crore as investors booked profits with the market at record highs.
The strong performance of the equity markets in November seems to have encouraged more investors to book profits and move to short-term investments. We still believe that there is a significant amount of money that can come back to the market in the event of any correction. The medium to long-term potential of the equity markets remains strong, G Pradeepkumar, CEO at Union AMC t ....

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