Fifth month of pull out from equity MFs, redemption at Rs 12,917 cr

November outflow at record high even as overall AUM tops Rs 30 trn milestone on sharp run up in stock markets and positive flows into debt category

The monthly data released by industry body Association of Mutual Funds in India (AMFI) brought both good and bad news for the MF industry. 

Equity schemes witnessed the fifth straight month of outflows in November. The net redemption came in at Rs 12,917 crore, taking the outflow tally since July to nearly Rs 23,000 crore. On the positive side, the assets under management (AUM) for the industry touched the Rs 30-trillion mark. This was on the back of a sharp run-up in the stock markets and positive flows into the debt category to the tune of Rs 45,000 crore.

Despite outflows in