Gilt funds see record monthly outflows in December
Investors are taking profits from gilt funds or g-sec funds, as yields not expected to see meaningful dips from current levels January 08, 2021 / 06:38 PM IST
Gilt funds, which are also known as g-sec funds as these invest in government securities, reported net outflows of Rs 1,802 crore in December, showed data released by the Association of Mutual Funds in India (AMFI). These are the highest monthly net outflows gilt funds have seen in more than a decade.
These funds saw fresh inflows of Rs 1,483 crore in December, while redemptions or withdrawals were at Rs 3,287 crore. The withdrawals more than doubled over the previous month s Rs 1,471 crore.
Life stage financial planning: Money management in your 50s, the last decade of active work life
The 50s age group is your last chance to maximising your return on investments. Invest in equities, but also start planning your retirement December 25, 2020 / 11:17 AM IST
Note to readers: No two people’s financial plans can ever be the same. Our income, expenses, goals, aspirations and financial obligations differ. But the first principles are more or less common, depending on your age bracket. Moneycontrol personal finance’s new series called ‘Life stage financial planning’ will tell you what these broad principles are, depending on whether you are in your 20s, 30s, or 60s