Equity MF flows dip to 4-month low in January

Tax-saving equity-linked savings schemes saw month-on-month rise in inflows at Rs 1,166 crore

Investor flows into equity mutual funds, minus withdrawals, fell to a four-month low at Rs 4,880 crore in January despite stock rally. Total inflows remained strong at Rs 17,600 crore, but redemptions or withdrawals of Rs 12,720 crore brought down the figure to Rs 4,880 crore.

If not for money coming through systematic investment plans (SIPs), the figure would have been even lower, players said.

"Redemptions in January were quite high compared to previous months. High net worth and seasoned investors booked profits just before the Budget as markets were rising. SIPs have been a saving grace," said sales head of fund