RIL ups deal size of asset-backed notes on strong demand
Reliance Industries has increased its asset-backed securities issuance to ₹21,000 crore, driven by strong investor demand. The securities, offering a 7.75% coupon, are backed by receivables from Reliance’s operating businesses and feature a four-year tenor. ICICI Prudential Mutual Fund is expected to lead investments, with participation from other major asset managers.
Will RBI’s policy moves help calm India’s bond market turbulence?
Indian government bonds are poised for a resurgence, with demand expected to pick up from October. Analysts anticipate that benign inflation, resilient fiscal footing, and potential RBI action to address market dislocations will revive demand. Experts suggest that strategic policy interventions and upcoming key events could further soften yields on long bonds.
Retail flows into equity MFs see a sharp 21% drop in Aug
Equity mutual funds experienced a 21% drop in inflows in August, totaling ₹33,430 crore, due to weaker retail investor interest and fewer new scheme launches. While SIP inflows remained relatively stable, debt funds saw outflows of ₹7,980 crore, primarily from liquid schemes. Sectoral funds witnessed the most significant decline, while flexicap funds remained popular.