Equity mutual funds see sharp surge in outflows in November

Total mutual fund assets under management have touched Rs 30 lakh crore. However, the November data shows an outflow of Rs 13,000 crores from equities and an inflow of Rs 45,000 crores into debt funds.

Equity mutual funds in October saw Rs 3,000 crore of outflows. The outflow is perhaps led by either underperformance of active funds or profit booking at higher levels.

CNBC-TV18’s Sumaira Abidi gets all key highlights from AMFI data.