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Nilanjan Dey

Kolkata, June 20

Debt fund managers are urging clients to make the most of tightening yields. Their view stems directly from the upward bias that the domestic interest rates are clearly displaying at the moment.

Kotak MF has advised clients to invest in liquid and floating rate funds "to take advantage of increased portfolio carry due to rising interest rates", while Prudential ICICI MF has recommended that investors need to "remain at the short end of the curve" through liquid, floater and short-term options.

All eyes will be on the July policy review, claims Franklin Templeton MF, while Principal MF has noted that yields on domestic bond markets are close to several-years' high. "It is only natural that the consensus on bond markets is towards higher yields, with the 10-year yield expected to move upwards of 8 per cent within a short span of time", it has mentioned.

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Fund managers see shaky near-term

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