Mutual funds have sold Indian government bonds at a record pace in March so far, as the Iran war drove up oil prices, heightening inflation risks, pushing the rupee to record lows and prompting a broad selloff across the debt market. This has led some asset managers to shift to short-duration corporate debt where they see greater value. Mutual funds have net sold government bonds worth 356 billion rupees ($3.82 billion) so far this month, a record for any month, clearing house data showed.