Equity Mutual Funds See Outflows Of ₹ 734 Crore In September

Equity mutual funds witnessed an outflow of ₹ 734 crore in September, making it the third consecutive monthly withdrawal, mainly due to pull-out from multi-cap space.

Besides, investors pulled out over ₹ 51,900 crore from debt mutual funds (MFs) last month compared to ₹ 3,907 crore in August, data from the Association of Mutual Funds in India showed on Thursday.

Overall, the mutual fund industry witnessed a net outflow of a little over ₹ 52,000 crore across all segments during the period under review, as against ₹ 14,553 crore in August.

This outflow could be attributed to withdrawals from liquid, equity and hybrid schemes.

As per the data, the outflow from equity and equity-linked open-ended schemes was at ₹ 734.40 crore in September, compared to ₹ 4,000 crore in August and ₹ 2,480 crore in July.

Equity MFs saw their first outflow in over four years in July on profit-booking.

Equity schemes attracted ₹ 240.55 crore in June, ₹ 5,256 crore in May, ₹ 6,213 crore in April, ₹ 11,723 crore in March, ₹ 10,796 crore in February and ₹ 7,877 crore in January.

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