Short Term Plans
TEMPORARY PARKING OF FUNDS TO MATCH MATURITY IN MID MARCH
Some of the key benchmark rates have rallied since the last Credit Policy Review in the month of January 2012. 10 year benchmark yield post the policy spiked up from a low of 8.10% to touch a high of 8.36% & currently settled at 8.17% levels. Hence, a lot of market participants are a little [...]
POST RBI POLICY REVIEW & IT’S IMPACT ON SHORT & LONG END OF THE YIELD CURVE
RBI Policy Review had sprung a major surprise by cutting CRR by 50 bp to 5.50% . This was done to infuse permanent liquidity to address the structural pressures on liquidity. In the initial phase, this will infuse liquidity to the tune of Rs.32,000 crs; and over longer period to the tune of almost Rs1.50 [...]
INTERESTING PLAY IN 1-3 YEAR BUCKET
A very interesting story is likely to unfold in 1-3 year segment on the yield curve. Most of the market participants are in consensus about a downward bias on the yields of various maturities based on various factors which I have enumerated in my last note on AXIS Constant Maturity Scheme. I have given reasons [...]
PRAMERICA MUTUAL FUND SCHEMES
I have been recommending some of the debt schemes of Pramerica AMC since their inception. Fund Manager has performed very well even in the most trying periods of debt markets & rising interest rate scenarios. One of the schemes whose strategy is similar to that of Pramerica Treasury Advantage Fund (TAF) was launched in October [...]
PROACTIVELY MANAGED SHORT TERM PLAN – PRAMERICA SHORT TERM FUND
Pramerica MF launched their Short Term Plan NFO on February 04’ 2011. Most of the market participants thought that it was not the right launch time as interest rates were on the rise and likely to peak off by March end. However, very pro actively managed portfolio & taking right calls at right times by [...]