Mutual funds see outflow of Rs 47,000cr (Central Chronicle) Mumbai, Nov 12: Mutual fund investors pulled out as much as Rs 47,000 crore in October--the highest redemption from MF schemes in a month so far this fiscal--triggered by the meltdown in equity markets.
Mop-up by new mutual funds drop 64% (Express India) The global slump in the financial markets and the redemption strain in the Indian mutual fund industry have impacted the resource mobilisation of new equity schemes in the last few months.