Stick to short duration scheme is the standard advice given by mutual fund managers and advisors these days. Faced with uncertainties in the money market and possibilities of rate hike by the Reserve Bank of India (RBI), most mutual fund advisors are asking investors to avoid taking risk and park their money in short duration scheme.
According to new Sebi categorisation, short duration schemes are open-ended short-term debt schemes that invest in instruments with Macaulay duration of be ..