Equity MF gross redemptions rise 19% in September quarter
Outflows climb to ₹1.25 lakh crore amid market decline and global uncertainty, with hybrid schemes also seeing higher redemptions
Equity mutual fund gross redemptions rose by 19% in the September quarter, reaching ₹1.25 lakh crore, as investors pulled out funds due to global uncertainty and poor market sentiments. The decline in the Nifty 50 and Sensex during the quarter, coupled with rising crude oil prices and foreign fund outflows, contributed to the heavy redemption.
However, redemption in hybrid schemes also increased by 12%, while small-cap funds saw a 14% rise in gross redemption. Despite the market volatility, fund managers remain optimistic about small-cap companies' growth potential due to their business opportunities and earnings growth.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
