Mutual funds continued their selling spree for the fifth straight month in October, pulling out Rs 14,344 crore from the equity markets during the month, as per Sebi data. This is the highest single-month withdrawal since March 2016 when they had pulled out Rs 10,198 crore. Thus far in the calendar year 2020 (CY20), mutual funds’ net inflows stand at Rs 2,671 crore. If the pace of withdrawal continues, they are likely to turn net sellers for the first time in seven years.
Where do HNIs in India prefer to invest these days?
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