The last three years have been interesting times for the debt mutual fund schemes in general. Barring the credit risk category of funds, which came under pressure due to unfortunate credit events, categories such as corporate bond funds, gilt funds and medium to long duration funds delivered returns to the tune of 10% and in some cases even higher. Some of the best performing short duration funaads have delivered around 9%, thanks to the persistent softening of interest rates.
Nine big financial changes that you must watch out for in October
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