Equity mutual funds see net outflows in July after 4 years
Equity mutual funds witnessed the first month of net outflows in July after four years as jittery investors preferred to stay in cash after the sharp rebound in the stock market since late March. Growing concerns over the modest longer-term performances of several equity schemes also contributed to the redemptions from the product category, said analysts. Debt schemes, especially those investing in shorter-term top-rated papers, however continued to attract flows with investors opting for safety…
