Indian Funds Buy 30-Year Bonds as Local Play Against Iran War

Some Indian fund managers are buying longer-term government bonds, saying these are less sensitive to global volatility driven by the Iran conflict.

DSP Asset Managers Pvt. and Tata Asset Management Pvt. are among those preferring the 30-year-plus tenors over the more widely traded five-year and 10-year papers. They are also being drawn by a tightening supply, growing demand, and a rising yield premium over policy rates.