The redemption pressure on large-cap funds has increased over the past two months even as the benchmark equity indices are scaling new heights. This is visible from the ratio of gross purchases and gross sales for the category, which has remained between 0.45 and 0.47 for the past two months. It is one of the lowest among major fund categories according to the data from the Association of Mutual Funds in India. The ratio for the category has remained below one for the seventh month in a row. It ..
