 "Mutual funds, Investments, Funds. Photo: iStock")
The mutual fund (MF) industry saw a 9 per cent dip in equity inflows in October, slipping to a five-month low at Rs 6,026 crore, as investors took money off the table with the markets showing signs of recovery.
“We saw redemptions as investors looked at booking profits. However, it is not surprising to see some outflows, with markets bouncing back,” said Radhika Gupta, chief executive officer of Edelweiss MF. In October, investor redemptions stood at Rs 11,047 crore, which was 17 per cent higher than September.
However, if the collection made by the two newly-launched thematic equity schemes is excluded, the
