'Longer duration funds may not be able to perform like they did last year'

Investors should stay true to their asset-allocation for investing for long-term goals. They may look at accrual-oriented funds, like the low duration and short-term funds

A sharp rise in bond yields has kept equity markets on the edge over the past few weeks. AMANDEEP CHOPRA, group president & head of fixed income at UTI AMC tells Puneet Wadhwa in an interview that investors can look at accrual-oriented funds, like the low duration and short-term funds if the investment horizon is less than three years. Edited excerpts:

How have you been navigating the sharp rise in bond yields? What is the outlook for yields?

We have been trimming the duration across our flagship schemes so the impact of rising yields is lowered. We have been saying