Contrary to beliefs and expectations, the six funds under winding-up have invested in long term papers, despite certain funds meant for very short-term investment horizon, say, three months to a year. It is a standard practice to create a portfolio with diversified and staggered maturity profiles – some shorter than average, and some longer. This strategy allows a fund manager to take benefit of pricing anomalies across a broader yield curve.
Where do HNIs in India prefer to invest these days?
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