Not time yet to take duration risk as G-Sec yield softening could reverse

The risk of a reversal exists, one of them being crude

After maintaining low-average maturity across portfolios for the greater part of 2018, fund managers have started raising it in their dynamic and longer-duration funds over the past couple of months. The median average maturity for dynamic bond funds stood at 6.41 per cent in January. It fell to 3.15 per cent in September, then inched up to 4.19 per cent by November end. 
 

Interest rates have also softened. From a 52-week high of 8.23 per cent, the 10-year government securities (G-Sec) yield has softened to around 7.29 per cent. All this raises the question of whether this is an opportune