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Outflow from equity schemes of mutual funds continued for the sixth month in a row, in December, on the back of profit booking by investors as markets reach record high.
Equity mutual funds registered an outflow of ₹10,147 crore in December against ₹12,917 crore logged in November.
All equity schemes except for dividend yield and thematic funds recorded an outflow last month.
The highest outflow of ₹3,876 crore and ₹3,540 crore was logged by large cap and multicap funds. This was followed by outflow of ₹1,641 crore and ₹1,636 crore in value fund and mid-cap funds.
However, overall asset under equity schemes were up at ₹9.07 lakh crore against ₹8.57 lakh crore logged in November as the value of asset held by these schemes increased due to run up in the market.
The outflow of ₹5,932 crore from hybrid funds was led by balanced hybrid funds at ₹3,913 crore.
Overall the asset under management of mutual funds was up at ₹31.02 lakh crore last month against ₹30 lakh crore logged in November.
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