Business

Low equity MF redemptions in May could be a sign of rising investor confidence

By Dan Neff

Multi-cap funds saw gross redemptions of ₹433 crore in May propelled the gross buy-to-sell ratio to 3.92, the highest among all categories.

Synopsis

Equity MFs saw redemptions fall to ₹13,089 crore in May, the lowest in the past 25 months, showed data from the Association of Mutual Funds in India (AMFI). This pushed the gross buy-to-sell ratio of equity MFs to 2.42 times in May, compared with the long-term average of 1.48. It is the second-highest reading since data became available with the AMFI.

ET Intelligence Group: Mutual fund redemptions fell in May even as the market remained volatile, an indication that investors remained optimistic about equities despite a 10% plunge from the record highs.

Equity MFs saw redemptions fall to ₹13,089 crore in May, the lowest in the past 25 months, showed data from the Association of Mutual Funds in India (AMFI). This pushed the gross buy-to-sell ratio of equity MFs to 2.42 times in May, compared

BY

ET Bureau

2 mins read, Last Updated:

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Dan Neff