Other funds – equity, debt and hybrid – are unaffected by Franklin Templeton's decision.
That, precisely, is the reason to buy sovereign gold bonds.
After the NFO, the fund will reopen for subscription on April 29.
Fund managers top stock picks were public sector undertakings (PSU companies).
SIP collections hit new records with inflows of over ₹1 lakh cr in a fiscal for first time.
The Bharat Bond ETF consists of bonds issued by PSUs with the highest AAA credit rating.
The fund house points out that the markets appear very attractively poised from a historical perspective.
Analysts said the outlook for equities remain uncertain at least in the next one year. A mix of equity and debt could help reduce sharp swings in returns.
For those in the high tax bracket, if they hold these funds for more than three years, these products will also get indexation benefits, which will significantly improve the post-tax returns.
Investors looking for higher returns post the sharp cut of interest rates in small savings products and bank deposits by up to 140 basis points could turn to banking and PSU debt funds.
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