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Article: Debt funds drive record growth in mutual fund assets: Crisil.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- February 18, 2009
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Debt funds drive record growth in mutual fund assets: Crisil
New Delhi, Feb 18 (PTI) -- Buoyed by significant growth in debt funds, the mutual fund industry's total asset under management in January rose to rose 9.4 per cent, the highest monthly growth in 15 months.
According to the fund evaluation and risk solutions provider Crisil FundServices, the assets of mutual funds increased significantly in debt funds.
The various categories including bonds, gilts and liquid funds, collectively witnessed their net inflows surging to Rs 67,000 crore in January from Rs 1,150 crore in December.
"The growth in AUM was despite weak equity markets, ...