Mumbai: Investors in debt mutual fund schemes have been at the receiving end in the last two days as the sharp surge in bond yields has resulted in many of these products posting sharp mark-to-market losses. Values of long-term income funds, gilt funds and dynamic bond funds were down between 0.25% and 2.5% on Wednesday after the benchmark bond yield jumped 31 basis points -its steepest climb in a day since September 23, 2013 -following the Reserve Bank of India's signal that there would be fewer interest rate cuts going ahead.
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