Mutual fund managers say debt mutual fund investors should be prepared to see NAVs of their schemes dropping a little in the coming days due to hardening of bond yields due to the negative sentiment in the market. The money market has been hit hard today by the resignation of RBI governor and the set back for the ruling party at the state elections.
“You will see NAVs turning a little negative today because the yields are up across the curve, and when the yields go up, prices come down ..
