 "markets")
Mutual fund investors redeemed more than Rs 10,000 crore from systematic investment plan (SIP) accounts in November to cash in on the market rally. Redemptions were the highest since at least April 2021, when the industry started disclosing the net SIP inflow data.
"Investors felt that the all-time-high levels in November was a good point to exit with gains. Distributors ideally try to discourage investors from exiting on account of market levels, but not all investors listen," said Sadashiv Phene, a Mumbai-based mutual fund distributor.
Fresh SIP investments remained undisturbed. In November, investors poured in a record sum of Rs
