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Debt mutual funds outperformed fixed deposits, emphasizing the importance of considering risk profile and investment goals. The strategy involves focusing on short-term funds and excluding target maturity funds.
Amol Joshi emphasizes the importance of debt mutual funds in balancing investment portfolios, shielding against market risks, and providing stable returns. Understanding the dynamics of debt instruments is essential for effective asset allocation and long-term financial growth. Joshi says: "There are some rules of thumb that a debt mutual fund is useful when you have an investment horizon that is spanning a few weeks or months or something that is not really medium or long term."
The only concern is if the Monsoons again get delayed, it raises question over the Kharif output.
STP facility staggers the investment over a period of time and also helps maintain a balance of risk and return. The first scheme that is considered for lumpsum investment is called source scheme and the scheme to which the amount is transferred is called destination scheme.
Changes have been effected at prominent schemes such as ICICI Prudential Balanced Advantage, ICICI Prudential Liquid, and ICICI Prudential Multi-Asset Fund, among others.