Mutual fund redemptions increased 39% year-on-year to Rs 332,300 crore in CY23 leading to a decline in net inflows to Rs 206,300 in the year from Rs 238,300 in CY22, a Motilal Oswal report said.
On a month-on-month basis, the pace of redemptions spiked by 48.9% to reach Rs 38,900 crore in December taking net inflows to Rs 17,700 crore during the month. It was a marginal uptick from Rs 16,900 crore in November 2023.
