1. A $50 Billion India Pension Fund May Turn to Corporate Bonds.
- Author
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Sircar, Subhadip and Das, Saikat
- Subjects
PENSION trusts ,BONDS (Finance) ,INVESTORS ,GOVERNMENT securities ,PUBLIC debts ,CORPORATE bonds - Abstract
SBI Pension Funds Pvt., which manages $50 billion in assets, is considering investing in corporate and state debt due to the narrowing spreads on longer-maturity Indian government bonds. The fund's chief investment officer, Sandeep Pandey, expressed concern that the lack of term premium for longer-dated securities could impact returns for subscribers. Demand for longer-tenor papers has increased, leading to a compression in the spread between 10-year and 30-year bonds. The fund currently holds a portfolio of about one trillion rupees in corporate paper and 2.5 trillion rupees in sovereign and state debt. [Extracted from the article]
- Published
- 2024