Mutual fund investors turn net sellers; asset base dips a whopping Rs 6,000 crore in May
The liquid funds, which invest in cash assets such as treasury bills, certificates of deposit and commercial paper for shorter horizon, witnessed an outflow of Rs 46,724 crore. Income funds which invest in a combination of government securities also saw a withdrawal of over Rs 20,000 crore.
Overall, investors withdrew a net Rs 50,000 crore in MF schemes in May. Image source: Reuters