With the bond market entering the second half of the financial year in a positive mood backed by the Monetary Policy that has left the room open for more rate cuts, asset management companies are also beginning to recalibrate their strategies to add longer duration papers, said fixed income heads and debt fund managers.

“In the short term, the outlook is relatively positive, reflecting more of a tactical shift in positioning with a slight increase in duration bonds (15 years and above). This is mainly based on expectations that market sentiment might improve further and there could be a minor pullback,” said Rajeev Radhakrishnan, CIO – fixed income, SBI Mutual Fund .

Agreeing to that, Devang Shah, head – fixed income, Axis Mutual Fund said that they have followed the similar strate

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