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Interest rate aur bond price ka ulta rishta, aur category ka matlab
Published by The Retail Trader · JUL 23, 2026 · Mutual Funds & AMC
Debt fund ko safe samajhna aam hai. Wo equity se kam volatile hai, par uska apna ek risk hai jo bahut logon ko tab pata chalta hai jab NAV neeche jaati hai.
Interest rate badhne par purane bonds ka bhaav girta hai, kyunki naye bonds zyada interest de rahe hain. Ye rishta mechanical hai, opinion nahi.
Kitna girega, ye duration par depend karta hai. Lambi duration wale fund rate change par zyada hilte hain, chhoti duration wale kam.
SEBI ki categories duration ke aadhar par hi bani hain:
• Overnight aur liquid — sabse chhoti duration, sabse kam rate sensitivity.
• Ultra short, low duration, short duration — dheere dheere badhti hui.
• Medium aur long duration — rate cycle par sabse zyada sensitive.
• Category ka naam hi aapko bata deta hai ki wo kis risk ke liye bana hai.
Debt fund chunte waqt pehla sawaal return nahi, horizon hona chahiye. Paisa kitne samay ke liye chahiye — usi ke barabar duration ka fund lena hi is poore chunaav ka sabse bada hissa hai.
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.