Contrary to popular wisdom, this year, fixed income was more volatile than equities in India. It was not a rewarding year for fixed income investors and I continue to recommend investors to stick to low maturity funds with strong accrual yields. FMP (Fixed Maturity Plan) opportunities should be explored in 2018 with yields on the rise. Fixed income should do better this year as yields stabilize; returns will be higher than last year. Motilal Oswal is the Chairman and MD, MOFSL (Motilal Oswal Financial Services Ltd).

Source: dna December 31, 2017 02:37 UTC