However, they have been impacted since the Reserve Bank of India started hiking interest rates last year.
The central bank has hiked the repo rate by 250 bps since May 2022, taking it from 4% to 6.5%.
Investors usually steer clear of long-duration debt funds in a rising rate scenario as yields fall. This leads to higher bets on funds of shorter durations, as investors wait to ride out Gilt fu 10-year duration a net €2,940 c 2022 to the interest rate storm.
However, data suggest long-duration funds (11.15%) and Gilt funds with 10-year constant duration (9.75%) have given better returns than other categories over the past one year.
Long-duration funds are still an attractive proposition, say industry experts, and an extended rate hike pause will make it sweeter. They say investors only stand to benefit.
Denne historien er fra June 05, 2023-utgaven av Financial Express Mumbai.
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Denne historien er fra June 05, 2023-utgaven av Financial Express Mumbai.
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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