Mutual funds (MFs) targeting government debt will probably see more pain after four straight months of outflows, according to Peerless Funds Management Co, as inflation risks dent the outlook for monetary easing.
Investors pulled Rs 840 crore ($126 million) from so-called gilt plans in May, data from the Association of Mutual Funds in India (Amfi) showed. That took withdrawals in the last four months to Rs 2,850 crore, the longest stretch since June 2014.
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