September, 2003
INCOME FUNDS
Kindly refer to our letters dated August 28’2003 & September 01’2003 , wherein we had mentioned the following reasons for switching from G Sec MFs to Short Term Mutual Funds: Advance tax outflows in the second half of the month. Half year end profit booking by corporates & institutions. Building up of cash for likely [...]
SHORT TERM SCHEMES
Kindly refer to our letter dated August 28’2003 recommending switch from G Sec Funds to Income/Short Term Funds. It was based on some parameters which still hold true. Immediately on the subsequent day, some RBI official was quoted as saying that the yields at the long end should not have fallen so much & the [...]