Debt mutual funds are adding more long-duration bonds to their portfolios after New Delhi last week promised to run a tight fiscal ship in the first half of FY19, seeking to rescue India’s bond market from its worst spell of sell-offs in about two decades.
“Overall, the borrowing plan has reduced the duration risk,” said Kumaresh Ramakrishnan, CIOFixed Income, DHFL Pramerica Mutual Fund. “This in turn has prompted us to increase the average duration by two to three years. Even as the go ..
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