News From Press SBI mutual fund, India's biggest, goes long cash after jump in rates volatility

SBI mutual fund, India's biggest, goes long cash after jump in rates volatility

Some money managers turned wary of taking big positions in fixed-income in recent weeks, amid speculation that vaccine progress could add to inflationary pressure

Mint Mar 19, 2021

The turmoil in bonds that’s recently roiled asset classes worldwide has prompted India’s biggest fund manager to hold more cash. SBI Funds Management Pvt. is deploying funds in the overnight repo markets, Rajeev Radhakrishnan, head of fixed income, said in an interview earlier this week. The $63 billion asset manager has also been reducing duration in its debt funds.

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