Fixed Income Update
Bond markets had a somewhat weak month with the benchmark 10 year yield rising by over 45 bps previous month. The large jump in yields came post the policy surprise on 8th of February. The negative reaction was exacerbated by the fact that RBI changed its stance from accommodative to neutral. Yields went up across the curve by 25 to 30 bps. RBI remained hawkish on inflation concerns coming from a sticky core inflation (around 5%) and that the fall in CPI in the past few months was due to distress sale of vegetables.
CLICK HERE for complete update and information on debt funds.
Portfolio data as on 28th February, 2017.
Disclaimer: Past performance may or may not be sustained in the future. Sector(s) / Stock(s) / Issuer(s) mentioned above are for the purpose of disclosure of the portfolio of the Scheme(s) and should not be construed as recommendation. The fund manager(s) may or may not choose to hold the stock mentioned, from time to time. Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s).
Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to Rs 1 Lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Management Co. Ltd. (the AMC) Risk Factors: Axis Bank Limited is not liable or responsible for any loss or shortfall resulting from the operation of the scheme. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully