FMPs stall, credit risk funds see outflow in April
- Mutual fund body’s report on fixed maturity plans and credit risk funds reflects the ongoing concerns in the debt market amid a climate of risk aversion
- Credit risk funds, another mutual fund category that was hit by bad debt, saw net outflows of ₹1,253 crore
Mumbai: Reflecting ongoing concerns in the debt market, Association of Mutual Funds of India (Amfi) data released on Thursday shows relatively less money in fixed maturity plans (FMPs) staying within the category. FMPs worth ₹18,029 crore matured in April. Barely a trickle of this money went back into the same category at ₹384 crore.
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