Synopsis Finance minister Nirmala Sitharaman has proposed a permanent institutional framework to purchase investment-grade bonds in stressed times to deepen the corporate bond market. AFP Finance minister Nirmala Sitharaman has proposed a permanent institutional framework to purchase investment-grade bonds in stressed times to deepen the corporate bond market. This institution will purchase investment grade securities which are stressed and enhance the secondary market liquidity of corporate bonds. Debt mutual fund managers believe that this move is positive for funds like banking & PSU debt funds and credit risk funds. “The move will enhance liquidity in corporate bonds both in good quality and in stressed assets. And bring down the yield in illiquid bonds,” says Murthy Nagarajan, Head-Fixed Income, Tata Mutual Fund.