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Being the first meet in the new financial year and the last before the general elections, tomorrow’s MPC will be keenly watched, although experts do not expect any change in rates or the monetary policy stance
Mutual funds have net sold central government bonds worth 143 billion rupees ($1.72 billion) over the last seven sessions, including a record single-session sale of more than 60 billion rupees on Monday, data showed.
Devang Shah of Axis Mutual Fund predicts a structural shift in demand-supply dynamics for Government bonds in 2024-25, driven by Index inclusion, FPI buying, and lower gross borrowing. He expects RBI to ease liquidity, cut rates, and lower yields. Investors can consider adding duration to their portfolios in fixed-income funds.
Debt fund managers feel that through the Interim Budget 2024, the government has given positive signals for both long duration bond funds such as government securities (GSecs) as also for equity funds in general.
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