Debt-oriented mutual funds witnessed a strong recovery in October, driven by investments in liquid schemes and attracting a net inflow of Rs 1.57 lakh crore after huge redemptions in the previous month.
Notably, 14 of 16 debt mutual fund categories reported net inflows during the month, while medium-duration and credit risk funds maintained their trend of consistent outflows.
The positive inflow boosted the asset base of debt mutual funds by 11 per cent to Rs 16.64 lakh crore in October-end from Rs 14.97 lakh crore at the end of September, according to data with Amfi.
As per the data, debt mutual funds attracted inflows of Rs 1.57 lakh crore in October, marking a sharp reversal from the outflows of Rs 1.14 lakh crore recorded in September.
Within the debt fund, liquid funds led the inflows with Rs 83,863 crore, accounting for 53 per cent of the total, followed by overnight funds and money market funds with Rs 25,784 crore and Rs 25,303 crore, respectively.
"Corporates typically channel surplus funds into liquid and money market funds post-tax settlements in September, reflecting a preference for these low-risk, highly liquid options," Nehal Meshram, Senior Analyst, Manager Research, Morningstar Investment Research India, said.
Bu hikaye Millennium Post Delhi dergisinin New Delhi 18November2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Millennium Post Delhi dergisinin New Delhi 18November2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
IMPORTANCE OF MANIFESTATION IN NUMEROLOGY
If there are any opportunities to be had in this space, we are more likely to discover them than someone who has no knowledge or interest in this space. We will be better positioned to take advantage of these opportunities. People may even reach out to offer us opportunities
Love can transform and at times consume you: Shweta
She is gearing up for the release of 'Yeh Kaali Kaali Ankhein' S2
Vikramaditya Motwane accepts Hindi film industry is in crisis
He mentioned that the situation is 6not good ' and 6needs Jixing,
Janhvi calls Nayanthara a 'strong woman'
Kapoor praised Netflix's documentary 'Nayanthara: Beyond The Fairytale'
Abhishek calls °Comp0under° character a career landmark
Banerjee is set to return as Compounder in the upcoming 'Mirzapur: The Movie'
Italy back in BJK Cup final after beating Poland in SFS
Italy returned to the Billie Jean King Cup final after beating Poland 2-1.
India beat Japan 2-0, to face China in final of women's ACT hockey
EARLIER, CHINA DEFEAT MALAYSIA 3-1 IN THE FIRST SEMI-FINAL
Anupama stuns Zhang to enter China Masters second round
SUMEET-SIKKI ALSO WIN
Nadal to play Davis Cup singles for Spain
Nadal will face 80th-ranked Botic van de Zandschulp in the opening singles match
°Austra1ia have to leave Kohli alone, hope he doesn°t bring the intensity,
Former all-rounder Shane Watson has advised the Australian team to avoid getting into confrontations with Virat Kohli in the Border Gavaskar Trophy as he feels the intensity the celebrated Indian batter derives from provocations brings the best out of him.
