Mutual funds have broadly stepped up their bets in longer-duration government bonds in 2024 as the likelihood of interest rates being lowered – even if with a slight delay – brings the prospect of reaping capital gains on sovereign debt. An analysis of public factsheets released by five large mutual funds shows a significant increase in modified duration and average maturity of gilt funds, indicating confidence that interest rates, and consequently bond yields are heading lower in coming months.
LEAP India shares fall 12% post-listing, slip below IPO price. What should investors do?
LEAP India shares dropped from their listing price, slipping below the IPO issue price after a modest debut. While analysts highlight the company’s leadership in