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Our Bureau

Mumbai , Jan. 16

Huge redemptions in the liquid and money market category of mutual funds at Rs 25,907 crore in December have brought the total industry outflow for the month to Rs 21,117 crore, according to data released by The Association of Mutual Funds in India.

The same category had witnessed net inflows at Rs 16,445 crore in November. Industry players said that the redemptions were due to corporates withdrawing funds for payment of advance taxes.

The outflow from income funds were to the tune of Rs 1,416 crore, against net inflows of Rs 6,976 crore in November.

The industry asset base had shrunk over the month by 4.8 per cent, to stand at Rs 3,23,598 crore in December.

There has been a rise in inflows into equity funds by Rs 5,093 crore (Rs 2,053 crore). Balanced funds and ELSS schemes have also seen increased inflows of Rs 737 crore and Rs 399 crore respectively.

There have been 36 new schemes launched in the month with 27 in the income category, 7 in growth funds and one each in the Balanced and ELSS categories.

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Income funds see huge redemptions

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