Investors have pulled out nearly Rs 34,000 crore from various mutual funds in September as against high investments in such schemes in the preceding month.
The huge withdrawal of funds during September followed a net inflow of Rs 23,713 crore in August. As per the latest data available with market regulator Securities and Exchange Board of India (Sebi), investors have withdrawal a net amount of Rs 33,910 crore in September in various mutual fund (MF) schemes.
This takes the MFs' net mobilisation of funds from investors in the first-six months of the current fiscal at about Rs 35,342 crore.
Mutual fund is an investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets.