Structural deficiencies in the South African economy that restrict the country’s economic growth potential to a relatively low level place an almost permanent obligation on monetary policy to remain relatively restrictive.
The first Gilt Fund in India was set up in December 1998. However, Gilt Funds have registered moderate growth. As on May 31, 2011, the total assets under management of the Gilt Funds was placed at Rs.3,336 crore 2, 0.5 per cent of the aggregate assets under management of the Mutual Funds.