Credit-risk funds have continued to see investor exits as the economic slowdown triggered fears of downgrades and defaults. The size of the category is now half of what it was in the first month of this calendar year.
As of May 29, assets under management (AUM) for credit risk funds stood at Rs 30,248.20 crore, as against Rs 61,611.44 crore at the beginning of the year (as of January 31, 2020). This translates into the erosion of nearly 51 per cent. Compared to the previous month (April-end), the latest figures (as of May 29) indicate a decline of Rs 4,974.16 crore in asset base ...
