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Mutual fund investors are not cashing out

Mutual fund investors are not cashing out

Finance
MUMBAI: A section of the retail investors in India is showing signs of maturity. Despite a sharp slide in the leading indices, several investors are not rushing to redeem their investments from equity mutual funds. This is a clear departure from earlier habits when retail investors hurried to redeem when markets showed a sharp southward movement. In fact, some are considering investing more since prices of a large number of good quality stocks are down, fund managers and financial planners said. In September, there were net inflows of about Rs 8,000 crore in equity funds, of which about Rs 7,000 crore was through the systematic investment plan (SIP) route and the balance as the lump sum investments, said A Balasubramanian, chairman, AMFI, the mutual fund industry trade body. MF distributor...