Many income funds are showing double-digit annualised one-month returns as high as 57 per cent. Indiabulls Income Fund has offered the highest annualised returns of 57 per cent, followed by ICICI Pru Income Fund (51.66 per cent) and Reliance Income Fund (44 per cent).
The high returns are due to a sharp fall in the government securities’ yields in the last one month. “Benchmark 10-year G-Sec yields have fallen because of the change in borrowing plan by the government and the RBI surpri ..
