Just profit booking? Why investors are staying away from equity MFs

Mutual funds are steadily falling out of favour among investors if the recent data is anything to go by.

Despite a strong rally in the market, investors have pulled out money from mutual funds for the seventh straight month in January. According to the recent data by Association of Mutual Funds in India (Amfi), equity mutual funds have witnessed net outflows of Rs 9,253 crore last month, taking the total outflows to Rs 42,200 crore since July.

While the pace of outflows has peaked since November, when investors had redeemed investments worth Rs 12,917 crore, the phenomenon continues on Dalal