Equity mutual funds, including arbitrage funds and tax-saving or ELSS schemes, witnessed redemptions worth Rs 22,362 crore in August, shows data from Amfi. The redemptions are the highest in the last five months.
Mutual fund advisors say the heavy redemptions are purely because of investors booking profits on their existing investments in mutual funds. “Heavy redemptions could primarily be attributed to investors’ sentiment play. The benchmark indices has been rising for last four to fi ..
