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AMFI data: Investors take profits from equity funds, repose more faith in debt schemes

Investors cashed out, given the surge in the equity markets since March

August 11, 2020 / 07:35 PM IST

Redemptions from equity funds and sustained investments in debt and gold funds in July suggest a continuing trend of profit-taking as markets rally, and a move towards relative safety.

Equity and hybrid schemes saw net outflows of Rs 2480.35 crore and Rs 7301.29 crore, respectively in July, compared to inflows of Rs 240.55 crore and Rs 355.82 crore in June as per data released by the Association of Mutual Funds in India (AMFI).

Barring tax-saving schemes and focused equity funds, all other categories were hit by redemption pressure. “This could be largely attributed to investors taking profits, given the surge in the equity markets,” says Himanshu Srivastava, Associate Director – Manager Research, Morningstar India.

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