News From Press MFs selling spree continues; withdraw 16,306 cr from equities in February

MFs selling spree continues; withdraw 16,306 cr from equities in February

Many investors had started to directly participate in equity markets by opening their Demat accounts

Mint Mar 8, 2021

Mutual funds pulled out ₹16,306 crore from equities in February, making it the ninth consecutive monthly outflow as small investors booked profit amid a rally in stock markets. Gopal Kavalireddi, head of research at FYERS, said this trend of redemptions could continue till the time stock market rally slows down and consolidates, giving investors the opportunity to deploy their profits into longer time frame instruments like mutual funds.

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