Equity MFs see outflows for seventh month despite upswing in market

Net redemptions of Rs 9,200 cr in Jan, over Rs 42,000 cr since July

Despite the upswing in the market, equity-oriented mutual fund (MF) schemes witnessed net outflows for the seventh consecutive month, in January. Net outflows — the difference between purchase and sale of MF units -- for the month stood at Rs 9,253 crore. 

Since July, investors have pulled out over Rs 42,200 crore from equity schemes, even as the Sensex rallied nearly 50 per cent during this period.

While the quantum of outflows in January was lower when compared to the preceding two months, it was still greater than the seven-month average of Rs 6,000 crore, the data from Association of