New fund offers for LDFs from Franklin India and Mirae Asset are currently open for subscription.
The yield of 10-year government securities (G-Sec) has eased over the past year from 7.1 per cent to 6.8 per cent. "Since yields/interest rates and bond prices move inversely, it has added to the mark-to-market (MTM) component of returns of long-duration funds. Being long-duration, a high 'modified duration' acts as a multiplier on yield movements, and has a high impact on prices," says Joydeep Sen, corporate trainer and author.
Accrual gains have been another driver of returns. "Alongside MTM gains, these funds also earned income from the interest accrued on their bond investments. This combination of steady interest income and capital gains has been a significant driver of these funds' strong returns," says Sirshendu Basu, head-products, Bandhan Asset Management Company (AMC).
Denne historien er fra November 29, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra November 29, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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