mutual fund Investors have withdrawn Rs 25,872 crore from the stock market. In fact, there was a withdrawal of Rs 25,872 crore last month from mutual fund (debt mutual fund) schemes investing in bond securities. This happened due to the cautious attitude of investors and the current interest rate scenario in America. According to Association of Mutual Funds in India (Amfi) data, there were net outflows in nine out of 16 bond categories during the month under review. The bulk of net outflows were seen in categories with tenure less than one year such as cash, ultra short and short term.
Apart from this, there were significant net outflows in banking and PSU category also. According to the data, there was a withdrawal of Rs 25,872 crore from bond mutual funds in August, whereas Rs 61,440 crore was infused into it in the previous month. Melvin Santarita, Analyst-Manager Research, Morningstar India, said, “Amid the current interest rate scenario and uncertainty over the direction of interest rates in the country, it seems that many investors have adopted a cautious approach. Investors are waiting for further signals on interest rates.” He also said that in such a scenario investors can also turn from bonds to shares.
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