homepersonal finance NewsNet equity outflow at Rs 13,121 crore is a sell off process, says Mirae Asset's Swarup Mohanty
Net equity outflow at Rs 13,121 crore is a sell-off process, says Mirae Asset's Swarup Mohanty
Net equity outflow for December 2020 was at Rs 13,121 crore. Almost all categories of mutual fund (MF) witnessed outflows in the month gone by. However, exchange traded funds (ETFs) are performing well. Swarup Mohanty, CEO of Mirae Asset Global Investments shared his views and outlook on net equity outflows in conversation with CNBC-TV18.
Net equity outflow for December 2020 was at Rs 13,121 crore. Almost all categories of mutual fund (MF) witnessed outflows in the month gone by. However, exchange traded funds (ETFs) are performing well. Swarup Mohanty, CEO of Mirae Asset Global Investments shared his views and outlook on net equity outflows in conversation with CNBC-TV18.
He said, "This is like selling across the categories. It is not restricted to one-two categories, which is what it was looking like last month. So it is a sell-off process."
"It clearly shows sentiment of people -- it is a clear flight to safety. They are selling at market high, which is fair. However, the conclusion is a flight to safety and which has been -- post April – a trend that has emerged, and I think that is here to stay for at least two-three months," he added.
To know more, watch the video...
(Edited by : Jerome)
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