With government bond yields now at attractive levels, treasury heads are actively thinking about making purchases. After the RBI’s FCNR(B) scheme ended, the five-year bond yield closed at 6.52%. Although there’s speculation about a delay in renewed buying due to upcoming policy minutes, the banking sector’s liquidity remains robust, with funds ready to be invested shortly.
SIP additions at a six-month high amid rising churn
In August, the number of new accounts for systematic investment plans (SIPs) soared to a six-month peak, marking significant activity. Nevertheless, the year-on-year growth showcased