"We expect the RBI to cut rates by 75 basis points from the latter part of the year 2024. Effectively, while the RBI rate cut could be 75 basis points, the 10-year yields could potentially fall by 100 basis points, from the current level of 7.2% to 6.2%," ICICI Securities analyst Sachin Jain said.
There are seven long duration debt mutual funds and total assets under management (AUM) of these schemes amount to ₹9,875 crore as on Nov 30, 2023. Funds amounting to ₹149 crore were invested in November alone
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