Money market funds outshine liquid & overnight funds in May. Time to rethink emergency fund strategy?
In May, mutual fund investors showed a shift in their preference within the short-term categories as liquid and overnight funds experienced net outflows whereas money market funds attracted fresh inflows.
According to the latest data by Association of Mutual Funds in India (AMFI), money market funds attracted the second highest inflows within 16-sub categories in debt mutual funds and attracted an inflow of Rs 11,223 crore in May. On the other hand, liquid funds witnessed the largest outflows of Rs 40,205 crore and overnight funds saw an outflow of Rs 8,120 crore in the same period.
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An expert attributes this shift to…
