Target maturity funds a big draw as rates tighten

Total assets under management of target maturity funds (TMF) were at ₹1.15 lakh crore in August, or 8.8% of total debt AUM, show data compiled by Crisil. The AUM stood at ₹12,500 crore at the start of 2020 when the fund concept was formalised.

Target maturity funds a big draw as rates tighten
Total assets under management of target maturity funds (TMF) were at ₹1.15 lakh crore in August, or 8.8% of total debt AUM, show data compiled by Crisil. The AUM stood at ₹12,500 crore at the start of 2020 when the fund concept was formalised.