Debt funds set to hit mother lode with double-digit gains in 2024
Business Standard|July 08, 2024
Easing G-sec yields put long-duration, gilt funds on winning track
ABHISHEK KUMAR
Debt funds set to hit mother lode with double-digit gains in 2024

Calendar year 2024 is proving favourable for popular asset classes. While the spotlight remains on the rally in equities - and to some extent, gold-fixed-income investments are also shining.

Certain categories of debt funds have capitalised on the decline in longer-dated government bond yields and are expected to deliver double-digit returns this year.

Several schemes in the longduration and gilt categories have already yielded over 6 per cent returns in 2024. Long-duration funds from HDFC, SBI, and Axis have recorded returns of over 7.5 per cent over the past six months, according to Value Research data.

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