Mar
27
Top Rupee Bond Funds Stay Bullish During Best March for 13 Years
By-
`There are more legs to the rally:’ Kotak Mahindra’s Iyer
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RBI to cut rates 50 basis points in 2016: ICICI Prudential
India’s best-performing debt-fund managers are predicting more gains for sovereign bonds as benchmark notes head for their best March in 13 years.
The 10-year yield will drop at least 25 basis points in six months from 7.51 percent on March 23, according to ICICI Prudential Asset Management Co. and Kotak Mahindra Asset Management Co., which delivered the first- and second-best returns over the three months to March 22. That would add to the 12 basis point drop since Feb. 29, which exceeds the biggest decline in any March since 2003. The forecasts are more aggressive than the median analyst estimate for a three basis point fall by Sept. 30…
Top Rupee Bond Funds Stay Bullish During Best March for 13 Years
