Equity mutual funds lose Rs2,231 crore and 5.08 lakh folios in September
Sucheta Dalal 10 Oct 2013

Sales of equity funds for September 2013 declined to Rs1,996 crore, its lowest since April 2009

Moneylife Digital Team


After a month of positive inflow, equity mutual fund schemes lost assets during September 2013. The sales of equity schemes gradually declined to Rs1,996 crore in September from Rs3,327 crore in June 2013. While the equity schemes during August received a net inflow of assets on account of lower redemptions, in September, poor sales and high redemptions led to an outflow of Rs2,231 crore. Redemptions increased to Rs4,227 crore during September from Rs2,326 crore in August. The total number of equity folios declined by 5.08 lakh to 3.12 crore during September from 3.17 crore in August.

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