Overall, mutual funds withdrew a net of over ₹56,400 crore in 2020, data available with the Securities and Exchange Board of India (Sebi) showed. The markets, despite withdrawals from mutual funds in the past few months, have continued to rise as flows from FPIs have been robust. Foreign portfolio investors (FPIs) have put in ₹19,472 crore in the Indian equity markets in January after investing ₹1.7 lakh crore in 2020. That could have led investors redeem their investments, resulting in mutual funds pulling out investments from equity markets in January." On the other hand, mutual funds put in ₹11,832 crore in debt markets in the month under review.

Source: Mint February 07, 2021 10:18 UTC