Investors piled into debt funds, which hold instruments with maturity over a year, in March to take advantage of a tax benefit that was set to expire at the end of the 2023 financial year.
Data released by the Association for Mutual Funds in India showed that such debt funds saw net inflows of over Rs 40,000 crore. In February, the same funds saw net inflows of only Rs 673 crore.
In an interaction with Business Today, Vikas Garg, Head of Fixed Income, Invesco Mutual Fund shared his views on the debt market amid rising interest rates.