Equity flows should be around Rs 8,000-9,000 crore going ahead, said TS Anantkrishnan, chief executive officer, Varanium Capital Advisors.

In an interview to CNBC-TV18's Prashant Nair and Ekta Batra, Anantkrishnan said that he can see some redemptions if mid and small-caps continue to decline.

Anantkrishnan said, "On December 31, you had the mid and small-caps actually having a valuation premium of 1.6 times vis-à-vis. Now, the valuation premium is only 1.24 times and you are still seeing flows which are north of Rs 8,000-8,500 crore as far as equity mutual funds are concerned."

"The FIIs have been selling. In May, you had $1.4 billion sale and in June and July, $0.4 billion sale, which was marginally positive. So effectively, I think given the impact, if the market sustains around these levels, I think the equity flows would be on par with about Rs 9,000-10,000 crore in any case," he added.

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First Published:Aug 8, 2018 1:18 PM IST