New Delhi: Fixed-income mutual funds witnessed a massive net outflow of Rs 1.02 lakh crore in September following modest redemptions of Rs 7,980 crore in the preceding month, primarily driven by large institutional withdrawals from liquid and money market funds.

Out of 16 debt categories, 12 of them witnessed net outflows during the month under review. The major quantum of net outflows was witnessed by categories such as liquid, money market and ultra short duration funds.

According to data with the Association of Mutual Funds in India (Amfi), debt mutual funds (MFs) witnessed an outflow of Rs 1.02 lakh crore in September, way higher than a net outflow of Rs 7,980 crore in the preceding month.

In July, debt MFs saw a significant inflow of Rs 1.07 lakh crore.

Nehal Meshram, Senior Anal

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