Bandhan AMC has pared back duration across several of its fixed-income funds as the latest RBI Monetary Policy Committee (MPC) minutes have increased the risk of future rate hikes and altered the market’s earlier assumption of a benign monetary policy stance.
Suyash Choudhary, CIO – Fixed Income at Bandhan AMC, said the minutes of the RBI’s latest policy meeting have made the market increasingly focus on when rate hikes could begin rather than if they will happen.