Indian mutual funds up govt bond buying, bet on medium-term gains




Indian mutual funds have stepped up government bond purchases after a recent spike in yields, and are likely to continue buying in the near future as they eye gains over the medium term, five fund managers said.

Several mutual funds were light on debt ahead of the monetary policy review on Oct. 6 but with yields surging post-policy, many decided to add positions, Sandeep Yadav, head of fixed income at DSP Mutual Fund said.

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