The past year has been tumultuous for fixed-income investors. Demonetisation, which brought a gush of liquidity into the banking system, resulted in a sharp fall in market interest rates. Bond prices went through the roof, with investors in longer- and medium-duration debt mutual funds reaping windfall gains.
Oil prices collapsed to a low of $43 a barrel in the first half of 2017. Fall in oil prices in an economy which imports most of its requirement, positively impacts current acco ..