Investors keep faith

AMFI fund flows data for the month of April is out and fortunately, there aren't any signs of a mass exodus of the kind that was feared after the winding up of six Franklin schemes. On an aggregate basis, the industry reported net inflows of Rs 46,000 crore and the total AUM increased by 7.5 per cent over last month to Rs 23.9 lakh crore. This comes after a decline in the AUM in the preceding two months. Debt - Credit Risk funds feel the heat Debt funds saw net inflows of Rs 43,000 crore, primarily driven by liquid funds which had money coming back in after quarter-end redemptions by corporates last month. Barring liquid funds, other categories of debt funds saw net outflows of around Rs 25,000 crore. Particularly, it is the Credit Risk funds that continue to reel under redemption pressure. The net outflows from this beleaguered category accelerated multifold to Rs 19,000 crore on a net basis. These funds