AMFI reports outflow of Rs. 17,644 crore in Fixed Term Plans
May 13 2019
News Category: Industry Update
According to the monthly data released by Association of Mutual Funds in India, Fixed Term Plans accounted for Rs. 17,644.42 crore in outflows in Apr 2019. The category saw fresh purchases of Rs. 384.45 crore during the period. The net assets under management for FTP stood at Rs. 1.41 lakh crore. The large outflow was as the term of several plans got over. Besides, credit downgrade in debt papers also impacted the outflow.