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MFs witness Rs 50,000 cr outflows in July

Investors pulled out a net amount of more than Rs 50,000 crore from various mutual fund schemes in July -- the highest outflow in five months.

Gold continues to remain a drag on investors' portfolio as Gold ETFs showed a decline of 10.5% in average price over the past one year.
Gilt funds, which invest in long-tenure government bonds, have given double-digit returns helped by 100 bps rate cut over the past one year
Axis Long-Term Equity has outperformed its category since inception.
Sundeep Sikka, Reliance MF President and Chief Executive, is likely to be appointed as the Chairman of the Association of Mutual Funds in India (AMFI).
According to the rating agency, balanced funds have outperformed the Nifty across three, five, seven and 10-year time frames.
ICICI PRU TOP 100 has outperformed its category average from 2008 to 2012
SME banne