Debt funds’ AUM take Rs 18k-cr hit in April

Flows into debt funds have been hit after Franklin Templeton Mutual Fund decided to shut down six of its schemes. Data from Association of Mutual Funds in India (Amfi) show that daily assets under management (AUM) of debt funds in March end were Rs 6.10 lakh crore, which came down to Rs 5.92 lakh crore on April 30 — a fall of around Rs 18,000 crore. According to fund managers, investors have exited low-duration funds. The daily AUM of such funds stood at Rs 74,709.11 crore in April, compared with `80,377.59 crore in March — declining Rs 5,668.48 crore.

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