After earning doubledigit returns from fixed income funds over a three year period, investors may need to brace for lower returns in the coming years. Wealth managers and analysts are advising fixed income investors to reduce the proportion of duration funds from their portfolio in favour of accrual funds after the Reserve Bank of India (RBI), in its policy review meeting on Wednesday, signalled it may not be in a hurry to cut interest rates.
"We are at the fag-end of the rate cu ..