A total of Rs 43,825 crore was taken out from liquid funds, which invest in cash assets such as treasury bills, certificates of deposit and commercial paper for shorter horizon.
Credit risk funds, by their nature, aim to earn higher returns for investors by taking credit risk
Credit risk funds invest mainly in corporate bonds that are below the highest rating assigned by credit rating agencies
However, SEBI does not specify the credit profile of the funds
Investors should take limited exposure in credit risk funds