News From Press Equity mutual funds face 45% rise in redemptions during 2017 at Rs 1.9 trn

Equity mutual funds face 45% rise in redemptions during 2017 at Rs 1.9 trn

Source: Business Standard Jan 13, 2018

Redemptions at equity mutual funds (MFs) climbed in 2017 amid a sharp rally in stock prices. According to statistics provided by the Association of Mutual Funds in India (Amfi), units worth Rs 1.9 trillion of equity schemes were redeemed in 2017, an increase of 45 per cent from Rs 1.3 trillion redeemed in the preceding year.

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