Mutual funds sells G-sec to book profit after stocking up in April
The stance of Mutual Funds (MF) in the government bond market has shifted in May, with fund houses now engaging in a selling spree, offloading around Rs 900 crore worth of bonds so far. MFs emerged as significant buyers of government bonds in April, net purchasing approximately Rs 10,384 crore worth of gilts. According to fund managers, this change in behaviour can be attributed to some fund houses capitalising on profit opportunities by selling bonds, while others are actively trimming the duration of their portfolios.
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