Should debt fund investors lock-in investments at current rates for maximum gains?

Debt mutual fund schemes saw a huge INR1tn ($14.7bn) inflows in April, compared with outflows of around INR57,000 crore ($8.3bn) in March, according to the Association of Mutual Funds in India (AMFI). Liquid funds accounted for the lion’s share with INR63,219 crore inflows, but ultra short duration funds and money market funds also received a strong response. India’s central bank paused repo rate hikes in April in a sign that the regime of increases may be ending, prompting investors to lock-in high interest rates.