The assets under management of equity mutual funds are rising, new account opening is up month-on-month and sale of equity funds are at new highs.
However, amid this, a set of investors are redeeming their units at a faster pace, taking a toll on inflow into the equity segment. In the first half (April-September) of 2016-17, collective gross redemption was Rs 69,879 crore, a rise of 90 per cent over the Rs 36,978 crore in the same period last year. So, the average monthly redemption is Rs 11,650 crore thus far in FY17 against Rs 7,600 crore in FY16.
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