Quote on AMFI data by Lakshmi Iyer, Kotak Mutual Fund
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Below is quote on AMFI data by Lakshmi Iyer, CIO (Debt) & Head Products, Kotak Mutual Fund
“August month saw continued flows in floating rate category in fixed income with net sales of nearly Rs. 10,000 crore. Anticipation of tighter liquidity conditions due to RBI announcement of additional VRRR could have prompted this move. Categories like medium to long term, gilt etc. also saw positive net sales as the steep yield curve offers cushion to any potential abrupt rise in rates.”
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