........In the last few years, fixed income schemes, including liquid funds, have seen a higher level of participation. This is partly due to the poor domestic economic conditions, as well as uncertainty in the global economy, especially Europe. On account of these, we have witnessed inflows into debt funds. We are in an extended easing period, which is likely to continue till December 2013. In this period, the Reserve Bank of India (RBI) will not only reduce the repo rate, but probably, also take the effective overnight rate to six per cent........
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