New Delhi: Mutual funds investing in fixed-income securities have withdrawn Rs 1.95 lakh crore from such securities in March, while they pulled out Rs 28,000 last month as well. Withdrawals were seen in most categories investing in fixed-income securities and debt funds.
However, short-term securities managed to maintain a positive flow for the time being. According to the Association of Mutual Funds in India (AMPHI), mutual funds investing in fixed income securities have withdrawn Rs 1.95 lakh crore from such securities in March, compared to a withdrawal of about Rs 28,000 crore in February.
However, an investment of Rs 1.09 lakh crore has also been made in this segment in January. AMPHI CEO NS Venkatesh said the decline occurs at the end of the quarter as banks meet capital adequacy criteria and corporate advance tax obligations. It is believed that this money will be returned in April.
