News From Press AUMs of banking and PSU debt funds are up. Should you buy?

AUMs of banking and PSU debt funds are up. Should you buy?

Source: Livemint Nov 27, 2019

In a year buffeted by downgrades and default, one category of debt funds saw a surge in assets under management (AUM)—banking and PSU debt funds. The category has seen its AUM rise from ₹35,682 crore as of 30 April to ₹58,345 crore as of 31 October, an increase of 63%. In contrast, the total AUM of debt funds rose by a mere 5% over the same period from ₹10.88 trillion to ₹11.44 trillion. So does that make a case for you to invest in this category? We tell you whether you should invest in them or not.

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