With bond yields falling over the past few months, duration funds that invest predominantly in longer tenure bonds have received a shot in the arm. Long duration funds have topped the mutual fund performance charts, clocking over 6.3% over the past three months, followed closely by gilt funds with 3.7%. Does this mean the beleaguered duration funds are making a comeback or should investors stay away?
Till recently, bond yields had been rising in response to bottoming out of interest rat ..
