One of India's largest bond investors, Birla Sun Life Mutual Fund, has stacked up holdings of longer-dated paper in a bold, contrarian bet that central bank policy makers are wrong to expect an acceleration in inflation.
Valued at around 13 trillion rupee ($201.68 billion), Birla's "dynamic debt" fund now holds 40 percent of its portfolio in government bonds maturing in 2045, up from 35.9 percent in February, according to its website.
