India's retail investors are ditching mutual funds to put money directly into stock markets, lured by soaring share prices and lacklustre returns at mutual funds in recent years.
Domestic investors have withdrawn 275 billion rupees ($3.80 billion) from equity mutual funds in the year to Feb. 16, according data from the Securities and Exchange Board of India (SEBI), after dumping a total of 545 billion rupees in 2020.
