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Debt mutual funds to attract more investments: Experts

The rise in AUM was mainly due to inflows of around Rs. 757 billion in liquid funds

June 07, 2012 5:03 IST | India Infoline News Service
According to industry experts, continuing uncertainty in both domestic and global economy would attract more investments in debt-oriented mutual funds.
The mutual fund industry reported almost 16% growth in its average assets under management (AUM) at Rs. 6.8 trillion as of April due to higher inflows to money market funds. The rise in AUM was mainly due to inflows of around Rs. 757 billion in liquid funds.
Income funds (including ultra short-term debt funds) witnessed inflows of Rs. 179 billion (highest in the last one year) as of April. The industry experts said that considering the possibility of reduction in interest rates, fund flows into fixed maturity plans (FMPs) and short-term funds will be more in the near-term.
The experts said that equity-oriented mutual funds could also attract investments in the second half of the current financial year if the situation improves on the global and domestic fronts.

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