Equity schemes have seen outflows for the sixth straight month in December.
In the last month of 2020, over Rs 10,000 crore exited as the markets touched new highs and investors booked profits, the latest data from the Association of Mutual Funds in India (Amfi) shows.
Taken together with closed-ended schemes, net outflows amounted to Rs 13,121 crore, higher than the Rs 13,004 crore in November.
Between July and December, the industry has seen outflows of more than Rs 33,000 crore. Outflows are likely to continue, experts say, till such time as the markets see a significant correction. For calendar