After making returns as high as 24-30% in the last one month in debt funds, wealth managers believe it is opportune to take some money off the table. They advise investors holding a high proportion of long duration products such as gilt funds and long term income funds to book profits and move to shorter tenure debt funds.
As the 10 year benchmark fell 40 basis points (100 basis point is equal to 1%) from a high of 7.5% on June 22 to 7.1% on August 20, gilt funds saw the maximum gai ..
