Returns from India's fixed-income investments are attractive at the moment with yield upside limited from current levels as the market has priced in a large part of the rate hikes, a fund manager at Axis Mutual Fund said.
Investors with a shorter duration horizon should invest in two-to-three-year bonds in the near term, said Devang Shah, co-head, fixed income at Axis Mutual Fund, referring to both government and corporate bonds.
