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  • News From Press Hybrid mutual funds gather steam; attract ₹20,634 crore in January

    Hybrid mutual funds gather steam; attract ₹20,634 crore in January

    Source: The Hindu Businessline Feb 19, 2024

     

    Hybrid mutual fund schemes have been gaining popularity among investors, attracting ₹20,634 crore in January, marking a 37 per cent surge from the previous month, largely due to their appeal as an alternative investment option post-change in taxation laws for debt funds.

    With this, total inflow in the category reached ₹1.21 lakh crore in the April-January period of the current financial year (FY24). However, hybrid schemes saw outflow in the same period of the preceding financial year.

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