Equity MFs see redemption pressures mounting on market rally

Sep 11 2013, 20:12 IST
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SummaryEquity mutual funds saw inflows of Rs 460 crore in August.

book profits," EVP and head (retail and institutional business) of ICICI Prudential AMC, Raghav Iyengar, said.

He also said volatility would continue on account of global factors and pre-election period.

Equity investment will see a boost once some clarity emerges into the market regarding the direction of domestic economy, Iyengar added.

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