Wealthy investors, nervous about soaring stock prices, are turning to bond products tailor made for them. The prospect of higher returns and favourable taxation are prompting these investors to go for these products over debt mutual funds.
Asset management firm Scient Capital is looking to set up a portfolio management service (PMS) platform for Indian and foreign investors that would seek to invest in startups and mid-sized firms, top executives told VCCircle..
Owing to a strong possibility of a rate cut by the Reserve Bank of India (RBI), long-duration gilts and gilt funds have started rallying. Most long-duration gilt funds have generated an absolute return of more than 3% in the past one month.