HomeFinance NewsMutual funds witness equity outflow of Rs 12,822 crore in February, shows AMFI data

Mutual funds witness equity outflow of Rs 12,822 crore in February, shows AMFI data

The equity outflows rose to Rs 12,822 crore in February while liquid fund witnessed an inflow against an outflow last month, data from the Association of Mutual Funds in India (AMFI) showed on Tuesday.

Profile image

By CNBC-TV18 March 9, 2021, 3:09:50 PM IST (Updated)

Mutual funds witness equity outflow of Rs 12,822 crore in February, shows AMFI data
The equity outflows rose to Rs 12,822 crore in February while liquid fund witnessed an inflow against an outflow last month, data from the Association of Mutual Funds in India (AMFI) showed on Tuesday.


ETF inflow stood at Rs 1,949 crore versus Rs 6,133 crore inflow. Total debt scheme inflow came in at Rs 1,735 crore versus Rs 33,409 crore outflow last month, the data showed.

Credit risk outflow stood at Rs 830 crore against Rs 366.4 crore inflow (MoM), while the corporate bond fund outflow came in at Rs 6,752 crore against Rs 5,428.5 crore inflow (MoM). Hybrid fund inflow stood at Rs 4,703 crore against Rs 2,141.7 crore inflow (MoM). Total assets under management came in at Rs 31.64 lakh crore against Rs 30.50 lakh crore (MoM), the data further showed.

According to Akhil Chaturvedi, Head of Sales & Distribution, Motilal Oswal Asset Management Company on AMFI data, the trend is similar to January 2021.

"It is good to see positive flows in the dynamic/BAF category. This is a good category in current times where the asset allocation model rebalances portfolios between equities and cash using valuation models. Some meaningful consolidation of markets could lead investors to come back and make fresh allocations at some stage. There is general worry on valuations and the current rally possibly is unreal and therefore investors seem to be trying to time in some way," he added.

Overall, equity schemes had witnessed an outflow of Rs 10,147 crore in December, 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 four years. Prior to this, such schemes had attracted Rs 240.55 crore in June. Apart from debt funds, gold exchange-traded funds (ETFs) witnessed an inflow of Rs 491 crore last month, compared to Rs 625 crore in January.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!