Tag: profit-booking

Outflows from the ESG funds continued for the second year in a row with the June quarter registering an outflow of ₹590 crore against an outflow of ₹470 crore in the March quarter, due to profit-booking.Year-to-date there has been an outflow of ₹1,060 crore against outflow of ₹1,020 crore last year. This is in contrast to the inflows of ₹1.83 lakh crore in overall mutual fund industry in the same period.With a lack of new fund launches in the last two years and steady outflow, the assets under...