Tata Mutual Fund has announced the restructuring of Tata Corporate Bond Fund. According to fund house, the new portfolio strategy of the fund would be to keep a short average maturity to limit the interest rate risk.
"With interest rate policy stance changing to neutral from accommodative, yields will have stable to rising bias. In such environment, Tata Corporate Bond Fund is positioned around lower duration spectrum with focus on accrual as well as credit quality," Amit Somani, Fund Manager, Tata Corporate Bond Fund, said.
