With markets hitting a new high many retail investors are taking some money off the table. A report from brokerage Motilal Oswal’s mutual fund tracker shows that the redemptions from top 20 fund houses have risen to the second highest level in FY18, despite the industry's AUM touching record highs.
In June, redemptions from equity schemes rose to a whopping 38 percent to Rs 18,300 crore. In comparison leading to a 24 percent sequential fall in net inflows to Rs 8,200 crore, according to brokerage Motilal Oswal’s mutual fund tracker report.
