Income schemes was the worst-performing mutual fund category in FY19

The change in asset mix meant that equity schemes emerged as the largest category at the end of the financial year

The income category has had the worst financial year among major MF categories.

At the end of FY19, the category managed Rs 7.2 trillion worth of assets, which was 8.5 per cent lower than the assets it managed before beginning of the year. From 37 per cent of industry assets as of March 31, 2018, the income category’s share slipped to 30 per cent at the end of FY2019. 

According to experts, the rise in interest rates in the first half of the financial year, combined with the panic caused by the IL&FS crisis in September, hurt investor sentiment. Since