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  • News From Press Debt fund managers bet on shorter duration play to ride RBI easing

    Debt fund managers bet on shorter duration play to ride RBI easing

    Fund managers expect yields to remain elevated at the longer-end of the yield curve in light of government's borrowing plans
    Business Standard May 23, 2020

    Debt fund managers expect shorter duration schemes to be better-placed to ride Reserve Bank of India’s (RBI) move to ease policy rates, with longer duration funds vulnerable to spikes in yields given the government’s borrowing programme.

    “Surplus liquidity, a dovish stance and weak growth conditions should pave the way for further rate easing in the months ahead. Given this background, we remain overweight on high grade short-term funds with duration in the 3-4 years,” said Kumaresh Ramakrishnan, chief investment officer, PGIM India Mutual Fund.

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