Equity mutual funds witnessed an outflow of Rs 9,253 crore in January, making it the seventh consecutive month-to-month withdrawal, primarily because of huge pullout from the newly created flexi fund class.
Also, traders pulled out Rs 33,409 crore from debt mutual funds final month after investing Rs 13,863 crore in December, information from the Association of Mutual Funds in India confirmed on Tuesday.
Overall, the mutual fund business witnessed a internet outflow of Rs 35,586 crore throughout all segments throughout the interval beneath evaluation, in comparison with Rs 2,968 crore influx seen in December on funding from hybrid and different schemes.
As per the information, the outflow from fairness and equity-linked open-ended schemes was at Rs 9,253 crore in January in comparison with Rs 10,147 crore in December.
Barring multi-cap, sectoral and dividend yield funds, all of the fairness schemes have seen outflow final month. The newly created flexi cap class noticed most outflow to the tune of Rs 5,934 crore.
Overall, fairness schemes had witnessed an outflow of Rs 12,917 crore in November, Rs 2,725 crore in October, Rs 734 crore in September, Rs 4,000 crore in August and Rs 2,480 crore in July, which was their first withdrawal in over 4 years.
Before this, such schemes had attracted Rs 240.55 crore in June.
Apart from debt funds, Gold exchange-traded funds (ETFs) witnessed an influx of Rs 625 crore final month, greater than Rs 431 crore seen in December.
The asset beneath administration (AUM) of the mutual fund business was at Rs 30.5 lakh crore in January-end from Rs 31.02 lakh crore in December-end.