SHIFT TO INCOME FUNDS ONLY ON FURTHER CORRECTIONS
TREAD CAUTIOUSLY & SHIFT TO INCOME FUNDS ONLY ON FURTHER CORRECTIONS: In the past couple of months we had given the following calls of Investments & Disinvestments from Income/G Sec Funds to Short Term Funds & vice versa: Call for switching from G Sec Funds/Income Funds to Short Term Funds when 10 year touched 5.22% [...]
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 [...]
INCOME FUNDS OR SHORT TERM FUNDS
As recommended by us on Monday ( 10 year was at 5.22%), kindly redeem your investments in G Sec funds & book profits by switching to either Income Funds or Short Term funds: After the REPO rate cut, maximum compression has happened in the long dated G Secs. Going forward there is a possibility of [...]