For most mutual fund investors, bond funds are a cryptic commodity. The variety on offer can be confounding. With Sebi introducing 16 categories of bond funds as part of its recent scheme rationalisation exercise, matters have become even more complicated. So which among these funds are the must-haves?
To choose the right bond funds, investors must understand what purpose they serve in the portfolio. At the basic level, a bond fund is a cushion for the entire portfolio, meant to deliver ..