 "mid-cap, investments, mf funds,")
The Association of Mutual Funds in India’s monthly data on mutual fund (MF) flows held an element of surprise. Equity MFs witnessed outflows worth Rs 2,480 crore in July — the highest in seven years. Shorter-duration funds, on the other hand, received money. Investors also gravitated towards fund-of-funds of international schemes and gold exchange-traded funds (ETFs).
These numbers represent the aggregate decisions of all the investors in the market. But instead of following the herd, investors should make buy-sell decisions. After the steep fall in March, the bounce-back in equities has been sharp. Many new investors, rattled by high volatility, may
