Winning Bizness Desk
Mumbai. Investors have withdrawn Rs 1.2 lakh crore in the March quarter from debt mutual fund schemes. This includes liquid, short duration and corporate bonds. According to the data, the net withdrawal from this category in 2021-22 stood at Rs 68,471 crore. A year ago, an investment of Rs 2.3 lakh crore came in it. It had received Rs 21,277 crore in the December quarter. Of the total 16 fixed income or debt fund categories, 15 schemes saw withdrawals during the March quarter. Money came in only in the overnight fund segment and it stood at Rs 7,802 crore.
It is usual phenomenon
According to the data, a total of Rs 1.15 lakh crore was withdrawn from debt in the month of March and Rs 8,274 crore in the month of February. In January, Rs 5,087 crore was withdrawn. Experts say that there is always a withdrawal of money from the debt segment in the last quarter of any year.
Institutional investors leading the march
Most of the withdrawals are made by institutional investors and in this, money is withdrawn from liquid, ultra short term, money market etc. The total AUM of the debt fund in the December quarter was Rs 14.05 lakh crore, which fell to Rs 13 lakh crore in the March quarter. 24 thousand crore was withdrawn from short term duration, Rs 23,122 crore from corporate bonds and Rs 18,723 crore from liquid.
