With market near record high and primary market offerings looking attractive, retail investors are choosing to take out money from equity mutual funds, suggest experts. Investors sold equity mutual funds worth Rs 10,468 crore in February. For the previous month, the number stood at Rs 9,253 crore.
Among equity funds, flexi cap funds lost Rs 10,430 crore in February 2021 compared to net redemptions of Rs 5,933 crore in January 2021. This category saw the highest redemptions across equity fund categories, data showed.
