News From Press Banking & PSU funds seen as safer bets

Banking & PSU funds seen as safer bets

The global recession, insignificant volumes in the bond market (a fallout of Covid crisis), corporate credit risks arising out of weak balance sheets, and redemption pressure from investors are contributing to this shift.

The Economic Times May 12, 2020

Over the past one year, a clear trend has emerged in debt mutual fund schemes. Credit risk schemes saw continuous outflows every month in the past one year. In the same period, there have been continuous inflows into banking and public sector undertaking (PSU) funds. The Association of Mutual Funds in India (AMFI) data showed that in the past one year, outflows from credit risk funds cumulatively rose to Rs 47,000 crore. In the same period, inflows in banking and PSU funds rose cumulatively to Rs 41,000 crore.

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