Fixed income funds may be losing some of their sheen, based on the belief that rate cuts here may depend to a large extent on the fate of inflation, a revival of rate increase by the US Fed, and tapering by the ECB. The flows into such funds have slowed to about 6-month low at present.
There have been net investment outflows of Rs 11,024 crore from income funds in September, the highest since March (Rs 14,048 crore) this year, show data from Association of Mutual Funds in India. Inc ..
