Any possible reasons for such a huge outflow in debt? Are they just moving into equity? Tax reasons due to it being month of March?
“In March, the entire debt category was negative across with the exception of long duration funds. Usual balance sheet build up in the year-end led to outflows in the liquid ultra-category. Tight liquidity situation led to outflows despite short-term yields peaking led to outflows. Quarterly seasonality of tight liquidity coinciding with the year-end led to even more pronounced outflows,” said Anand Vardarajan, Business Head – Banking, Institutional Clients, Alternate Products and Product Strategy, Tata Asset Management.
Himanshu Srivastava, Associate Director at Morningstar Investment Research India Private Limited, said the outflow in March was due to the advance tax requirements that corporates need to fulfil, especially with it being both quarter-end and financial year-end.
“This trend suggests that investors are anticipating an interest rate cut later in the year, prompting them to reallocate their investments from shorter-duration profiles to longer-duration ones,” Srivastava told CNBC TV18.
Excerpts from the article:
@Meher_Smaran can you let me know where in AMFI website this raw data (i.e. Fund flows) available ?
Edit : Is it taken from this - link in AMFI website
Yes. The link that you’ve shared is correct
