Read more about MFs withdraw Rs 16,306 cr from equities in February on profit booking on Business Standard. Mutual funds pulled out Rs 16,306 crore from equities in February, making it the ninth consecutive monthly outflow as small investors booked profit amid a rally in stock markets.
Many investors had started to directly participate in equity markets by opening their Demat accounts. Initial success in the rising markets and the poor performance of many mutual funds over the last few years have further induced them to withdraw from equity mutual funds
Mutual funds pulled out Rs 16,306 crore from equities in February, making it the ninth consecutive monthly outflow as small investors booked profit amid a rally in stock markets.
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