Mumbai: The net AUM of the mutual fund industry rose 33.11% YoY at Rs 52.74 lakh crore in January 2024, as against Rs 39.62 lakh crore in January 2023, according to a report.
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.
Market analysts believe that investors are looking to invest a portion of their fixed income exposure through hybrid funds after the change in taxation for debt funds
Hybrid mutual funds gather steam; attract ₹20,634 crore in January thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.