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Equity funds saw record outflows in November as redemptions intensified

Despite the outflows, equity markets made new highs in November on the back of strong foreign fund inflows

December 09, 2020 / 09:15 AM IST
Equity funds saw record outflows in November as redemptions intensified

Equity markets scaled lifetime highs in November led largely by a rising optimism over COVID-19 vaccine and surging inflows to emerging markets. The mutual fund industry too reached a new milestone with assets under management (AUM) touching Rs 30 trillion as of November. According to AMFI data, this represented a 6 per cent growth compared to the previous month. While this is indeed remarkable, equity flows, a keenly tracked data point, was disappointing.  The industry saw a record high outflow in...

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