Equity Mutual Funds Witness Sizeable Inflows In November

Equity mutual funds witnessed robust net inflows of $22.49 billion in November 2013, against outflows of $23.17 billion experienced in November 2012. Tobias Levkovich and team at Citi Research point out for the first 51 weeks of 2013, total equity funds attracted inflows of $140.83 billion through December 18th, in sharp contrast to outflows of $147.15 billion over the same period in 2012. Strong inflows in domestic and international equity mutual funds Citi analysts point out that domestic equity funds registered inflows of $6.56 billion, though it edged down from the $8.01 billion inflow witnessed in the previous month. However,…