MFs increase focus on debt

Debt fund managers are readying themselves for a deluge of corporate bonds from April. With the Securities and Exchange Board of India making it mandatory for large corporates to raise 25 per cent of their borrowings through debt securities from the next financial year and equities expected to remain volatile, fund houses believe that this would soon become a booming segment. According to market sources, several fund houses are also looking at hiring more people to strengthen their debt teams.