G-sec, bank CDs and CPs top priorities of debt fund managers: SEBI data

SEBI data shows that debt fund managers have highest exposure to government securities, bank’s certificate of deposits (CDs) and commercial papers (CPs) among all debt securities.

The market regulator’s data shows that the allocation to government securities is Rs. 4.13 lakh crore, constituting about 20% of the total allocation in debt securities.

CDs and CPs are the next two debt securities with exposure of 17% or Rs. 3.46 lakh crore and 15% or Rs. 3.20 lakh crore.

Among other categories with major allocation are PSU bonds, CBLO (Collateralized Borrowing and Lending Obligation) and treasury bills that constitute 13%, 10% and 7% of debt allocation, respectively.

When it comes to allocation based on maturity period, the allocation in securities with maturity period less than 90 days is Rs. 8.19 lakh crore, about 40% of the total allocation. The allocation in securities with maturity period between 90 to 182 days is Rs. 89000 crore, about 11% of the total allocation.

For securities with maturity period between 182 days to up to 1 year, the allocation is Rs. 2.89 lakh crore or about 14% of the total debt allocation.

For securities with maturity period over 1 year, the allocation is Rs. 8.40 lakh crore, about 41%.

This shows that 60% of the total debt assets are in in short term securities with maturity of less than a year.

Overall, total allocation in debt securities is Rs. 20.43 lakh crore.

Let us look at the tabular data to know more.