Stock market returns in fiscal 2021 are the highest in a decade. A Mint analysis shows that the BSE200 index has posted impressive returns of 74% in FY21. At the same time, outflows from equity mutual funds (MFs) have also been the highest. What explains this dichotomy? Market experts said that against the backdrop of increased volatility in the markets last year, participants are using the sharp rally in the markets to book profits.
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