ETMarkets Smart Talk| Long-term investors should balance yield and volatility with a barbell strategy: Axis MF’s Devang Shah

India’s bond market is shifting. Long-duration bonds saw a rally due to fiscal consolidation and global index inclusions. Now, demand-supply dynamics are changing, and rate cuts are ending. Investors should combine short- to medium-duration corporate bonds with long-duration government securities. This strategy balances yield and volatility. Accrual-based strategies are key for the coming months.