Debt MF outflows hit record Rs 2.9 lakh crore in March

ET Intelligence Group: The outflow from debt mutual fund schemes surged nearly 50% year-on-year to a record ₹2.95 lakh crore in March. While debt schemes typically show heavy redemptions in March as corporates withdraw funds to meet year-end obligations, the latest reading was the highest on record amid the need to build extra liquidity triggered by the West Asian crisis.In addition, industry observers also cited a shift of funds to equity to take advantage of current weakness in the stock marke...