Credit Risk concerns have ebbed: AMFI

Mumbai, June 8 (IANS) Credit Risk concerns have ebbed following regulatory support, the Association of Mutual Funds in India said on Monday.Besides the support even the redemption pressure has come down, said N.S. Venkatesh, Chief Executive, AMFI."Despite economic uncertainty and market volatility, investors showing matured investment behaviour continue to repose confidence in equity mutual funds, reflected the by robust monthly SIP contribution,"On the debt side, investors, taking advantage of the conducive reducing interest rates trend and shift towards high quality AAA rated debt, has resulted in steady rise in the net flows," he said.According to Venkatesh, credit risk concerns have ebbed, following regulator y support, and with redemptions coming down, "we would see investors allocating higher quantum of savings to schemes having high quality debt pa per."
--IANS rv/sn/arm