Equity MF redemptions jump 38% as investors rotate down the cap curve
Redemptions from equity mutual funds jumped 38% year-on-year to ₹44,824 crore in July, even as SIP inflows stayed strong. AMFI data shows it's rotation, not exit: investors booking profits in large-caps are redeploying into mid- and small-cap funds despite stretched valuations of 30-35x P/E.