Equity mutual fund (MF) schemes saw their worst monthly outflows in November – Rs 12,917 crore. This is the fifth month in a row that equity schemes have witnessed net outflows, data from mutual fund industry body, AMFI, showed.
The redemptions (withdrawals) from equity schemes stood at Rs 27,113 crore, while fresh inflows were at Rs 14,195 crore. The redemptions were 33 percent higher than in the previous month.