Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics

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Hybrid Portfolios of Indian Corporate Debt and Government Securities: A Comparative Study


Affiliations
1 Assistant Professor, Department of Management, Faculty of Social Sciences, Dayalbagh Educational Institute (Deemed University), Agra 282005, Uttar Pradesh, India
2 Professor, Govt. MLB College of Excellency, Gwalior 474009, Madhya Pradesh, India
3 Guest Lecturer, Ellora Study Center, Dayalbagh Educational Institute (Deemed University), Agra 282005, Uttar Pradesh, India
     

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A Model is constructed to evaluate the performance of hybrid portfolios of GSecs and Corporate Bonds. Historical data is utilized to compute the performance of three hybrid investment portfolios. These are six G-Secs (short, medium and long term) in combination with one Mutual Fund Corporate Bond Scheme, allocated with different weights into each of the three hybrid portfolios. The paper presents risk and return performance of the three portfolios in absolute terms and also against a single government security which may be regarded as a tentative benchmark. Such hybrid debt portfolios may be of interest to various categories of investors.

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  • Websites

  • https://mutualfund.adityabirlacapital.com

  • https://tradehist.ccilindia.com

  • https://www.moneycontrol.com/mutual-funds/aditya-birla-sun-life-corporate-bond-fund/portfoliooverview/MAC003

  • www.amfiindia.com

  • www.ccilindia.com

  • www.investopedia.com

  • www.tradingeconomics.com


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  • Hybrid Portfolios of Indian Corporate Debt and Government Securities: A Comparative Study

Abstract Views: 592  |  PDF Views: 2

Authors

Jyoti Singh
Assistant Professor, Department of Management, Faculty of Social Sciences, Dayalbagh Educational Institute (Deemed University), Agra 282005, Uttar Pradesh, India
K. K. Agrawal
Professor, Govt. MLB College of Excellency, Gwalior 474009, Madhya Pradesh, India
Saran D. Bhatnagar
Guest Lecturer, Ellora Study Center, Dayalbagh Educational Institute (Deemed University), Agra 282005, Uttar Pradesh, India

Abstract


A Model is constructed to evaluate the performance of hybrid portfolios of GSecs and Corporate Bonds. Historical data is utilized to compute the performance of three hybrid investment portfolios. These are six G-Secs (short, medium and long term) in combination with one Mutual Fund Corporate Bond Scheme, allocated with different weights into each of the three hybrid portfolios. The paper presents risk and return performance of the three portfolios in absolute terms and also against a single government security which may be regarded as a tentative benchmark. Such hybrid debt portfolios may be of interest to various categories of investors.

Keywords


No Keywords.

References





DOI: https://doi.org/10.21648/arthavij%2F2021%2Fv63%2Fi1%2F208212