The outflow from equity and equity-oriented mutual fund schemes continues even though markets scaled new highs in February following the Union Budget. Equity funds witnessed an outflow for the eighth consecutive month in February 2021 as investors withdrew Rs 4,534.36 crore. In January, the outflow was at Rs 9,253.22 crore.
Among equity-oriented schemes, flexi-cap funds saw the maximum redemptions at Rs 4,497.23 crore against a net outflow of Rs 5,933.67 crore in the previous month.
