Mutual funds (MFs) focused on fixed-income securities witnessed a multi-fold surge in investment to ₹91,392 crore in July, with short-duration funds contributing a major chunk of the infusion.
Barring credit risk funds, all the individual categories that invest in fixed-income securities or debt funds saw inflows, data with the Association of Mutual Funds in India (AMFI) showed.
Given the current interest rate scenario, investors are largely focusing on fixed income categories having a relatively shorter duration profile.
According to the data, MFs that invest in fixed-income securities saw an inflow of ₹91,392 crore in July compared with ₹2,862 crore inflow in June.
