Target maturity funds (TMFs) are gaining popularity in 2024 as investors seek predictable returns in a fluctuating interest rate market. TMFs, often holding govt securities, offer lower credit risk and tax efficiency. Experts recommend aligning investment horizons with the fund’s maturity for optimal results. These funds are particularly attractive to conservative investors seeking stable yields.
Technical picks: NTPC, Bharti Hexacom among 4 stocks to buy for up to 34% returns in short term
Equity benchmarks closed the last week on a subdued note, ending with modest losses amid heightened volatility. The current holiday-shortened week is expected to be