Equity mutual funds continued to witness outflows for the seventh straight month even as the benchmark indices scaled new peaks. However, investors infused Rs 2,142 crore in Hybrid schemes.
SIP inflow in December dipped to Rs 8,023 crore from Rs 8,418 crore in the previous month. The total number of SIP folios saw a marginal jump to 3.55 crore from 3.47 crore.
Within the Debt schemes, Liquid funds logged maximum outflow to the tune of Rs 45,316 crore and Low Duration funds saw outflows of Rs 8,041 crore.
Other categories, such as Short-Duration funds, Corporate Bond funds and Banking and PSU funds, witnessed net inflows. Credit-Risk funds saw net inflows of Rs 366 crore in January.
For all these details and much more please refer to our detailed report attached.