Gilt funds should not necessarily be looked at as buying into the longest duration asset available always. The yield curve is steep enough for portfolio strategies in gilt funds that position themselves at points on the curve, where carry versus duration risk trade-off seems optimal. … [Read more...] about Gilt fund investors must have a horizon of more than 3 years: IDFC MF
Muni yield curve bloomberg
Indias ten year bond yield reversed from higher levels today and is currently trading at 6.85% against a previous close of 6.93%, amid rising demand among foreign institutional investors. FIIs have invested around $508.40 million in the month of Feb, reversing a four month selling trend which was expected to pick up pace given the pressure of rising interest rates in the US. However India bonds have seen a lot of interest, even from domestic mutual funds, especially after SEBI raised limits to invest in debt from 40% from 35% earlier. Yesterdays economic data releases on domestic GDP, fiscal deficit and manufacturing PMI were positive and are also indicating that the impact of demonetization is likely to be minimal on growth and industrial recovery going ahead. … [Read more...] about Volatile Domestic Bond yields
Gold fund of funds: These are open-ended mutual funds primarily investing in gold ETFs. Just like other mutual funds, gold schemes can be purchased and redeemed at NAVs and can also be invested in through the SIP/STP modes. Gold funds have higher liquidity than other modes of gold investment, as they can be redeemed directly from the fund houses on any business day. Higher liquidity, along with the availability of SIP/STP/SWP in gold funds, also allows higher flexibility to their investors in implementing their asset allocation strategy. … [Read more...] about What’s the best way to invest in gold now?
A sharp dip in forward earnings growth amid COVID-19 and marginal dip in the discount rate will provide headwinds to the current bull market rally in Indian stocks as valuations rise above +1SD (standard deviation) on rolled forward P/E basis, said a report from ICICI Securities. … [Read more...] about COVID-19, marginal dip in discount rate may deflate the current bull market: ICICI Securities
Nongfu’s shares surged 85 percent and traded up 55 percent by mid-day in Hong Kong, pushing Zhong’s net worth to $51 billion, as per the Bloomberg Billionaires Index. He is notably, the only individual among China’s top five richest, who is not from the real estate or tech sector. … [Read more...] about Nongfu Spring’s Zhong Shanshan now second richest in China, third in Asia