March, 2010
AXIS SHORT TERM PLAN – AN UPDATE
I had given an update on AXIS Short Term Plan post their NFO closure on January 28’2010. The fund Manager had created a portfolio of 50% in 2-5 year NCDs & balance in CPs/CDs with less than one year maturity with an average maturity of 1.75 years & gross yield of 6.29%. Inspite of the [...]
DEBT MARKETS JOURNEY POST BUDGET
I have not written on debt markets since almost January 2010 post the Credit Policy Review. One of the reasons was that I was waiting for the announcement of Budget and subsequent borrowing calendar. I had hoped that we will have a clear path in debt markets based on the Budget announcements and borrowing calendar [...]