Fund managers may gradually shift their attention towards accrual funds in search of higher yields, even as investors continue to favour shorter-term debt funds. Accrual funds invest in companies having a lower credit rating, often with expectations of an improvement in their rating. Experts believe a compression theme is evident in select AA names as initial fears of downgrades and defaults recede, and portfolios may selectively look to capture opportunities in the space.
Nine big financial changes that you must watch out for in October
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