A record ₹ 2.1 trillion flowed out of liquid and money market funds in September, shows data collated by the Association of Mutual Funds in India (Amfi). In end-August, the total assets under management in this category stood at ₹6.04 trillion.
Before jumping to any conclusion, it must be noted that part of the outflows may be related to the previous month, but were included in the September figures because of an accounting quirk.
According to the chief executive officer of one of India’s largest mutual fund companies, outflows pertaining to the last day of August seem to have been accounted for in the month of September by Amfi.
