- Wealth PMS (50L+)
Debt funds have had a wonderful run last year, especially Gilt funds. The best gilt fund did over 14% in the last year. Is that going to change?
The macro's not looking good at all. At a time when economic growth has been looking lousy, we get a data point about inflation that's weird: 6.93%. The problem is: it comes at a time when prices should not be rising, and indeed, prices have been going up. If inflation rises, then the fear will be that interest rates will rise. And if interest rates rise, government bond prices . . .