Below is the Views On Association of Mutual Funds in India data released earlier today by Ms. Bekxy Kuriakose, Head Fixed Income, Principal Asset Management
During the month of July debt funds have received substantial flows. Key categories which seem to have received inflows are Low Duration, Short Term, corporate bond and ultra short term categories. These are the lower maturity products in the debt categories and perceived to be safer. As RBI continues to take measures to boost liquidity and keep rates low, renewed confidence in debt funds seem to be a key reason for the inflows. This has also led to further fall in 1-5 yr segment across money market, AAA corporate bonds and gilts in July as compared to June as fund managers deployed these funds.
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