Stock-weary investors move towards debt mutual funds

MUMBAI, Mar 23 (Economic Times): India's domestic retail investors have moved away from equity funds and moved towards debt, exiting 4.49 million equity and equity-linked schemes over the year to end-February, data provided by the mutual fund industry body shows.

According to the Association of Mutual Funds in India, the number of debt and gilt mutual fund accounts opened between March 2012 and February 2013 was about 890,000.

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