GOING FORWARD SHORT TERM PLANS – WHICH ONES? AND WHY?
With the possible scenario of further rate hikes in June/July, I would recommend a more defensive portfolio of creation of Short Term Plans as mentioned below & for the reasons mentioned. I would advise the investors to refrain from taking interest rate calls for some more time as direction of RBI is clear on increasing [...]
Follow up note to the NFO of AXIS Short Term Plan
Thank you all for investing & supporting the NFO of AXIS Short Term Plan which closed on January 20’2010. The said NFO collected a decent sum of close to Rs.300 crs. As was discussed with most of our investors, 50% of these funds are already invested in 2-5 year corporate bonds & balance 50% is [...]
Axis Short Term Plan : NFO
As mentioned in my earlier notes, too much negative news is already priced into the debt markets. The same is reflecting in 10 year benchmark hovering around 7.63% levels & also in the 3-5 year corporate bond rates. Markets have started discounting rate hikes coupled with CRR hike. However, most of the bankers & Mr. [...]