Fourteen mutual funds saw their debt assets erode by about a tenth in four months since fears of a credit shortage triggered redemptions from debt schemes.

Overall assets declined by Rs 61,000 crore since September for these funds, according to disclosures and data collated by BloombergQuint. Debt contributed nearly 70 percent of the drop for the funds that managed Rs 6.3 lakh crore worth of assets—about half the fixed income and debt investments of the industry as of January-end.