In the wake of equity markets trading at new highs on a regular basis and uncertainly prevailing over the hike in the rate of interest by RBI in its policy announcement at the end of the month, the mutual funds seem to have adopted a cautious approach while introducing new scheme in the recent months. Most of the draft prospectus filed recently with the Sebi are related to debt segment being, FMP, pure debt or a mix of two. Equity schemes are missing completely.
Acording to Sebi, a number of fund houses have filed prospectus to introduce debt funds. SBI has filed an application to offer SBI Debt Fund series, ING has made an application for Long Term FMP and DWS plans to offer Fixed Term Fund.
