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Bond ki rating, default risk, aur portfolio mein wo kahan chhupa hota hai
Published by The Retail Trader · JUL 25, 2026 · Mutual Funds & AMC
Duration ke alawa debt fund ka ek doosra risk hai — jinhe paisa udhaar diya gaya hai, wo wapas denge ya nahi. Isi ko credit risk kehte hain, aur ye duration risk se bahut alag behave karta hai.
Duration risk dheere dikhta hai — NAV thoda thoda girti hai. Credit event achanak dikhta hai — ek issuer default kare to us holding ki value ek hi din mein bahut gir sakti hai.
Isliye credit risk ka behaviour equity ke tail risk jaisa hota hai, bond ke normal risk jaisa nahi.
Fund ka factsheet ye batata hai:
• Rating wise breakup — kitna hissa sabse ooncha rated papers mein hai.
• Kitna hissa ek hi issuer ya ek hi group mein concentrated hai.
• Yield to maturity — apne peers se bahut zyada YTM ek warning hai.
• Portfolio ki liquidity — stress mein wo papers bik paayenge ya nahi.
Debt allocation ka kaam portfolio ko sthir rakhna hai, extra return dena nahi. Agar aapka debt fund equity jaisa return dhoondh raha hai to wo apne portfolio mein wo kaam nahi kar raha jiske liye use rakha gaya tha.
Ye article sirf educational hai — koi buy ya sell recommendation nahi, koi guaranteed return ka daawa nahi, aur koi advisory nahi. Rules, rates aur mechanics exchange, SEBI aur RBI time-time par badalte hain, isliye har number apne broker ya official source par khud verify karo.