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Dec 11, 2012
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Equity funds see outflows for sixth straight month
Despite the run-up in the equity market in November, mutual fund investors have opted to press the exit button in equity mutual fund schemes. November saw outflows of R1,304 crore, latest data from mutual fund industry body Amfi show. This was the sixth consecutive month of outflows in equity funds, bringing the net outflows in the category for the year to Rs 12,702 crore. The average assets under management of the industry rose to R7.93 crore in November, up 3.2% from R7.68 crore in October. Equity funds have seen outflows in 10 out of the 11 months this year. Substantial outflows were seen in February (R2,680 crore), August (R2,096 crore) and September (R3,306 crore). Besides these months, outflows were also seen in the months of January (R456 crore), March (R196 crore), April (R455 crore), June (R186 crore), July (R804 crore) and October (R1,725 crore).
Source -
http://www.financialexpress.com
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