Equity and debt mutual funds witness massive outflows in January

Equity and debt mutual funds registered heavy outflows in the month of January. While equity funds saw a drop in outflow numbers, there was a drastic outflow from debt mutual funds this time. Equity mutual funds saw net outflows worth Rs 9,253 crore, debt mutual funds saw investors pulling out Rs 33,408 crore in January. Hybrid fund categories finally saw inflows in January.

The highest outflow of Rs 5,933 crore was seen from flexi cap funds. This might be attributed to the recent change in mandate and many schemes re-categorised in the space. This was followed by an outflow worth Rs 2,853.43 crore from large cap funds. Here’s a look at the data for January:

In the debt mutual fund space, massive outflows were seen from liquid funds, low duration funds and money market funds. Liquid funds saw an outflow of Rs 45,315.69 crore in January. Corporate Bond Funds and Short Duration Funds saw good inflows in January following advice from fund managers and mutual fund advisors.

Similarly, aggressive hybrid funds continued to see massive outflows in January. On the other hand following big push from the industry, balance advantage funds saw inflows worth Rs 658 crore. Arbitrage funds also saw big inflows in January. Index funds, ETFs including gold ETFs saw inflows in January.