Ch.5 · SID, SAI and KIM Documents · hard
What is the Macaulay duration range for a 'short duration fund' as per SEBI categorisation?
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EXPLANATION
A short duration fund must have a Macaulay duration of 1 to 3 years as per SEBI's debt fund categorisation. It is suitable for investors with a 1–3 year horizon. It carries more interest rate risk than ultra short duration and low duration funds but less than medium duration funds.
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