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MFs may witness first monthly net outflows in more than four years

The contraction in fund flows are a cautionary tale for stock market that's looked past some dire economic projections and climbing virus numbers to jump more than 40% from its March low

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Net withdrawals from stock plans may top Rs 10 billion ($134 million) in July

3 min read Last Updated : Jul 29 2020 | 1:46 AM IST

Equity mutual funds in India may witness their first monthly net outflows in more than four years as investors continue to cash out to tide over the pandemic-related credit crunch, while others hold off adding more in a rising stock market.

Net withdrawals from stock plans may top Rs 10 billion ($134 million) in July, said Nilesh Shah, managing director of Kotak Mahindra Asset Management and chairman of the Association of Mutual Funds in India (Amfi). That would be the first net outflow since March 2016. The Amfi data for July is due next month.

“Some are redeeming to book

Topics : Mutual Funds stock market Market volatility

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