PROMISES DELIVERED : AXIS STP
Axis STP NFO closed on January 20’2010. Theme of the NFO was to capture: Higher accrual Capture attractive spreads between 1 & 5 year corporate bonds; which were at historical highs Compression in CD/CP portfolio post March ‘2010 Roll down effect Initially the Fund Manager created a portfolio of 50:50 of 2-5 year corporate bonds [...]
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 [...]
Investment in Short Term Plan
Subsequent to the relaxation in norms of listing of Corporate Bond paper & a breather to Mutual funds to regularise the same by 1 st January 2005 , we expect the Corporate Bonds to compress from current level. Also most of the AAA rated & AA + issuers of corporate Bond already started the process [...]