News From Press Gilt funds see record monthly outflows in December

Gilt funds see record monthly outflows in December

Investors are taking profits from gilt funds or g-sec funds, as yields not expected to see meaningful dips from current levels

Moneycontrol Jan 9, 2021

Gilt funds, which are also known as g-sec funds as these invest in government securities, reported net outflows of Rs 1,802 crore in December, showed data released by the Association of Mutual Funds in India (AMFI). These are the highest monthly net outflows gilt funds have seen in more than a decade. These funds saw fresh inflows of Rs 1,483 crore in December, while redemptions or withdrawals were at Rs 3,287 crore. The withdrawals more than doubled over the previous month's Rs 1,471 crore.

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