Mutual Funds are equity oriented and it has experienced a monumental outflow of about Rs. 12,917 crore in the month of November. It was the fifth month of withdrawal since people made investments in different markets with higher returns. They are optimistic and believe that money will come back at some point. Regardless, the Assets Under Management of the industry surged up to Rs. 30 lakh crore in November and about Rs. 28.23 crore back in October.
Mutual Funds witness Rs 12,917 crore outflow in November
