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).
Bu hikaye Business Standard dergisinin November 29, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin November 29, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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