Sebi has asked the government to approve tax breaks for municipal bonds to fund grass-root infrastructure. Currently, India’s municipal bond market is 0.6% of the nation’s bond market, contrasting with the US’s $4 trillion market. Sebi is also planning steps to enhance investor protection in the futures and options (F&O) segment.
8 mutual funds receive over Rs 4,000 crore inflow in March
Out of 697 funds in the said period, 611 funds received inflows. Here is the detailed breakup (Source: ACE MF)