MUMBAI: Assets of Indian mutual funds surged 31.7 per cent to Rs 8.1 trillion, helped by large inflows into fixed income funds, data from the Association of Mutual Funds in India showed on Monday.
Income funds, popular among corporates and banks as a venue to park their surplus funds, saw a net inflow of Rs 1.8 trillion. Equity funds saw a net outflow of Rs 12.4 billion, the data showed.
Industry assets had plunged 19.9 per cent to Rs 6.1 trillion in March on outflows from fixed income funds.
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