Stress
Credit-stress and seasonality signals as of May-2026. Side-pockets, credit-sensitive debt flows, and fiscal-year-end redemption pressure — all verifiable transforms of AMFI MCR data.
Segregated Portfolios
10
Side-pockets live in May-2026
Segregated AUM
₹0 Cr
Locked in side-pockets
Credit Risk Net Flow
+₹49 Cr
Open-Ended Credit Risk, May-2026
Months w/ New Side-Pockets
1
Count rose vs prior month
Side-Pocket (Segregated Portfolio) Trend
When were portfolios segregated, and how much AUM sits locked behind them?
Segregated portfolio count
Jun-202512 of 86 periods · drag handles for more rangeMay-2026
Segregated AUM (₹ cr)
Jun-202424 of 86 periods · drag handles for more rangeMay-2026
New segregations Side-pocket count increased in 1 month: Jan-2021.
Side-Pocket Detail (last 24 months)
The segregated count and AUM, month by month, with new-segregation months flagged.
| Month | Segregated Count | Segregated AUM | New Segregation? |
|---|---|---|---|
| May-2026 | 10 | ₹0 Cr | — |
| Apr-2026 | 10 | ₹0 Cr | — |
| Mar-2026 | 10 | ₹0 Cr | — |
| Feb-2026 | 10 | ₹0 Cr | — |
| Jan-2026 | 10 | ₹0 Cr | — |
| Dec-2025 | 10 | ₹0 Cr | — |
| Nov-2025 | 10 | ₹0 Cr | — |
| Oct-2025 | 10 | ₹0 Cr | — |
| Sep-2025 | 10 | ₹0 Cr | — |
| Aug-2025 | 10 | ₹0 Cr | — |
| Jul-2025 | 10 | ₹0 Cr | — |
| Jun-2025 | 10 | ₹0 Cr | — |
| May-2025 | 10 | ₹0 Cr | — |
| Apr-2025 | 10 | ₹0 Cr | — |
| Mar-2025 | 10 | ₹0 Cr | — |
| Feb-2025 | 12 | ₹35 Cr | — |
| Jan-2025 | 12 | ₹35 Cr | — |
| Dec-2024 | 12 | ₹35 Cr | — |
| Nov-2024 | 12 | ₹35 Cr | — |
| Oct-2024 | 12 | ₹35 Cr | — |
| Sep-2024 | 12 | ₹35 Cr | — |
| Aug-2024 | 12 | ₹35 Cr | — |
| Jul-2024 | 12 | ₹35 Cr | — |
| Jun-2024 | 12 | ₹35 Cr | — |
Credit Risk & Medium Duration Net Flows
Did the credit-sensitive debt categories bleed capital? (These categories saw heavy outflows during the 2019-2020 credit events.)
Jun-202512 of 86 periods · drag handles for more rangeMay-2026
Net flow = gross sales − redemptions for each category. Sustained negative values mark redemption pressure; values below the dashed zero line are net outflows.
Debt Risk Appetite
Are debt investors reaching for yield (Duration/Credit) or parking in cash?
Latest risk-appetite index (May-2026): +0.67 (+1 = all reach-for-yield, −1 = all cash parking)
Jun-202424 of 86 periods · drag handles for more rangeMay-2026
Positive net flow into Duration/Credit relative to Cash-like (Overnight/Liquid/Money Market/Ultra-Short/Low Duration) signals reaching for yield; heavy cash inflows signal risk-off parking. Note March FY-end typically shows large cash (liquid) redemptions.
FY-End (March) Redemption Seasonality
Is redemption pressure elevated at fiscal-year-end vs a typical month?
| March | Redemption Ratio | All-Month Avg | Δ vs Avg |
|---|---|---|---|
| Mar-2026 | 22.0% | 25.5% | -3.5% |
| Mar-2025 | 23.0% | 25.5% | -2.5% |
| Mar-2024 | 22.1% | 25.5% | -3.4% |
| Mar-2023 | 26.2% | 25.5% | +0.7% |
| Mar-2022 | 28.1% | 25.5% | +2.6% |
| Mar-2021 | 27.6% | 25.5% | +2.1% |
| Mar-2020 | 56.0% | 25.5% | +30.5% |
Redemption ratio = redemptions ÷ prior-month AUM, at the total industry level. Baseline is the mean across all 85 observed months (25.5%).