MUMBAI: Even though the Indian stock market is currently booming, small investors in Andhra Pradesh are fearful of a big bang in the market at any time. Among them are small investors who Mu. Funds have been investing in the equity segment for the seventh consecutive month, taking advantage of the boom and withdrawing huge investments in January 2021.
According to the Association of Mutual Funds in India (AMFI), in the first month of the calendar 2021, investors are looking at equities and equity-linked MUs. Funds have withdrawn Rs 9,253.22 crore from schemes, indicating an outflow of investors in the segment for the seventh consecutive month. However, the outflow has come down from Rs 10,147.12 crore in December to November 20, the biggest outflow in the last two-and-a-half years.
At the end of January 2021, the total assets under management (AUM) of the entire mutual fund industry fell to Rs 30.5 lakh crore from Rs 31.02 lakh crore at the end of December 2020. Thus in January the entire Mu. A total net outflow of Rs 35,586.60 crore was recorded from Funds Industries as against a new investment of Rs 2,968 crore last December.
With this, in the first ten months of the current financial year, Equity Mu. Investors have so far withdrawn Rs 30,546.58 crore from the funds segment. While in the full financial year ended March 2020, Equity Mu. The funds segment had a net inflow of Rs 83,787.69 lakh crore.