Retail investors pulled out over Rs 41,000 crore from mutual funds in May as they preferred to take some profits after a big 17 percent rally seen so far in 2017, said a report.
Liquid funds witnessed most of the outflows, while equity funds saw an increase of 2.7 percent. The outflows comes following an inflow of about Rs 1.51 lakh crore in the preceding month.
Redemption pressure gripped mutual funds which led to fall in total category wise asset under management (AUM) by 1.2 percent on a sequential basis to Rs 19.03 lakh crore in May 2017, IDBI Capital said in a report.
