Debt mutual fund (MF) schemes, which witnessed relatively muted inflows in the past three years, saw a surge in investor interest in April amid election-induced volatility in the equity markets.
Active debt funds garnered nearly ₹66,000 crore net inflows in April, most at least since December 2020. Net monthly inflows averaged 1,600 crore in 2023-2024 with April last year witnessing the heaviest monthly inflows worth 37,350 crore.
The data excludes liquid and overnight schemes as they are mostly used by institutions to park money for a short period, unlike others which are generally used for investment purposes. The money in April this year flowed into funds at the opposite ends of the duration spectrum, showing that while some investors were looking to lock in elevated yields, others wanted to stick to the shorter end of the yield curve with interest rate cuts still being out of sight.
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