News From Press Equity mutual fund outflows hit 20-month high in May on profit booking

Equity mutual fund outflows hit 20-month high in May on profit booking

Source: BS Jun 10, 2023

Redemptions in active equity mutual funds (MFs) hit a 20-month high in May as investors booked profits amid a sustained market rally.

Investors pulled out Rs 27,569 crore last month, the highest since September 2021, when equity MF units worth Rs 27,979 crore were redeemed. As a result, net inflows into equity schemes declined to a six-month low of Rs 3,240 crore in May, data from the Association of Mutual Funds in India (Amfi) showed on Friday.

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