The 10-year benchmark bond yields have risen to around 6.2%, the levels last seen earlier in May this year. Consequently, the long term debt mutual funds have seen a fall in their net asset values or NAVs. Most impacted categories were long duration debt funds, gilt funds and medium to long duration funds which have fallen by 2.40%, 1.91% and 1.48% respectively in the last one month when the yields have risen by around 40 bps. 1 bps is 1/100th of a percentage.
Nine big financial changes that you must watch out for in October
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