Are ordinary investors again becoming interested in fixed-income products, say, debt funds?
Options such as GOI bonds have a certain appeal for some sections. This is reflected in the kind of money that such instruments, postal savings included, attract. But investors did feel disappointed by the returns that some debt funds have provided till recently. That was evident from the visible withdrawals – money was simply moving out to alternative avenues. In the debt market, several factors, including increase in US rates and higher credit offtake domestically, will play key roles in the days ahead.
