 "Equity schemes clock largest outflows in 7 years as redemptions pick up")
Equity mutual fund (MF) schemes in July witnessed the largest net outflow in seven years, with investors pulling out Rs 2,480 crore last month. Also, the monthly figure turned negative for the first time in four years.
Industry experts attributed this to investors’ lack of confidence in the sustainability of the recent market rally amid economic uncertainty. The July figure was the worst since October 2013 (Rs 3,542 crore), when the US had witnessed “taper tantrum” after investors learned that the Federal Reserve was slowly putting the brakes on its quantitative easing (QE) programme. Besides, redemptions in equity schemes were up
