Hybrid Mutual Funds attract ?72,000 crore in past 7 months

INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Hybrid mutual fund schemes have been gaining popularity among investors with the category attracting over Rs 72,000 crore in the
past seven months, following a change in taxation for debt funds and huge inflow experienced in the arbitrage category.Hybrid funds are
mutual fund schemes that typically invest in a combination of equity and debt securities and sometimes in other asset categories such as
gold.The category has been attracting regular inflows since April after a change in taxation for debt funds that kicked off in the same
month
Before that, the segment saw a net withdrawal of Rs 12,372 crore in March.According to the latest data with the Association of Mutual Funds
in India (Amfi), hybrid schemes witnessed an inflow of Rs 9,907 crore in October
The category had attracted Rs 62,174 crore in the April-September period.With this, total inflow has reached Rs 72,081 crore in the first
seven months of the current financial year
Of Rs 72,081 crore, a massive amount of Rs 48,978 crore inflow was seen in arbitrage category, data showed
Hybrid funds appeal more to investors with a moderate risk profile