Multicaps lead third straight month of equity scheme outflows in September

Equity outflows continued for the third straight month in September, led by outflows in multicap funds, which had seen a rejig in category definitions. Net outflows tapered to about Rs 1,000 crore (including closed-end schemes) in a month, when benchmark indices retreated 1.2 per cent. This is lower than the Rs 4,029 crore and Rs 3,845 crore of outflows seen in the previous two months. Outflows were led by multicap schemes to the tune of Rs 1,143 crore, taking the category’s total outflows to over Rs 4,000 crore during the past four months. Large cap funds saw outflows of Rs 576 cr.....

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