Don't bank on category average returns while choosing debt mutual funds

A mutual fund investor looking at various debt mutual fund categories would shake his head in disbelief. The data just doesn't make sense. For example, the long duration category is offering around 16 per cent returns in the last one year, but medium duration is offering 4.88 per cent in the same period. The short duration category is offering 5.03 per cent, ultra short duration category is offering 5.88 per cent and liquid category is offering around 6.88 per cent in the last one year. Did you  ..

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