Since last few days NAVs of long term debt funds were on declining mode.But as Govt stick to deficit target debt fund NAVs witnessed rally on budget day.
Here are NAVs of few long term debt funds and change in NAVs as compared with previous day.
Above scheme names for information purpose only and not investment advice.
Debt market expecting rate cut from RBI: NAVs of Short term funds have also rallied in the range of 0.3 -0.5% NAVs have rallied due to drop in yields.Its clear that debt market is expecting rate cut from RBI which may be 0.25% in April 2016.
