Mutual funds investing in debt funds see Rs 1.95 trn outflow in Mar

Banking and PSU funds saw an outflow to the tune of over Rs 6,300 crore, while the same for credit risk fund was over Rs 5,500 crore and corporate bond category close to Rs 3,800 crore

Mutual funds focussed on investing in fixed-income securities saw a massive outflow of Rs 1.95 trillion  in March, after pulling out Rs 28,000 crore in the preceding month, mainly on account of withdrawal from liquid funds.

Most individual categories that invest in fixed-income securities or debt funds saw outflows. However, overnight category managed to see positive inflow.

According to Association of Mutual Funds in India (Amfi), mutual funds that invest in fixed-income securities saw an outflow to the tune of Rs 1.95 trillion last month as compared to a withdrawal of nearly Rs 28,000 crore in February.

In January, the