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Stock Analysis, IPO, Mutual Funds, Bonds & More

Open-ended debt mutual funds see 42% fall in net inflows, equity funds hold on

Fixed term plans continue to face net outflows as well.

, ET Online|
Updated: Jun 10, 2019, 01.03 PM IST
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The net inflows in open-ended debt schemes for May stood at Rs 70,119 crore as against Rs 1,20,920 crore in April.
Open-ended income or debt-oriented schemes witnessed a 42 per cent month-on-month fall in net inflows, shows AMFI data. The net inflows for May stood at Rs 70,119 crore as against net inflows of Rs 1,20,920 crore in April. The fall in net flows underscores investors' lack of faith in debt schemes following a series of defaults and downgrades that have hit the debt mutual fund space.

Most debt mutual fund categories such as low duration funds, short duration funds, medium duration funds, medium to long duration fund, dynamic bond fund, credit risk funds and gilt funds have seen net outflows during May.

Fixed term plans continue to face net outflows as well. In May, the category saw net outflows to the tune of Rs 1,798 crore, as against Rs 17,644 crore last month.

On the other hand, equity mutual funds have seen a 17 per cent growth in their monthly net inflows from Rs 4,609 crore in April to Rs 5,408 crore in May.

ELSS or tax saving equity schemes received net inflows worth Rs 1,310 crore in May. In April ELSSs received Rs 1,354 crore.

Average AUM of the mutual fund industry for May stood at Rs 25.43 lakh crore, 0.62 per cent higher month-on-month.

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