 "mutual funds")
Equity funds posted their fourth straight month of outflows as investors continued to book profits in October. Total outflows in equity oriented schemes stood at Rs 3,990 crore (including close-ended schemes) last month. The total outflows since July now exceed Rs 10,000 crore.
Multi-cap funds saw the highest outflows among equity funds to the tune of Rs 1,903 crore owing to profit taking and the regulatory overhang concerning the rejig in the funds' category definition. Large, mid and small caps funds saw combined outflows of about Rs 1,600 crore, while value/contra funds saw outflows of Rs 1,201 crore.
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