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  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund

No respite in equity outflows in October

Gross inflows in equity funds were almost stable, but redemptions jumped in October

November 10, 2020 / 05:05 PM IST
No respite in equity outflows in October

There is a clear disconnect between equity market levels and mutual fund flows. Equity markets posted yet another month of gains in October. But domestic mutual funds saw equity outflows for the fourth consecutive month. Despite the outflows in equity funds, assets under management (AUM) of the mutual fund industry touched Rs 28.22 trillion at the end of October, 5 percent up from the month ago, per AMFI data. The growth in AUM was on the back of healthy inflows in...

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