Amid rising bond yields, does it make sense to invest in target maturity debt mutual funds?

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Amid rising bond yields, asset managers are turning to a new avenue to park investor money—target maturity funds. At least three different fund houses—Edelweiss AMC, IDFC AMC and Nippon India AMC—have launched offerings in this space in recent weeks. A few others have lined up their own offerings. Their unique selling point is the ability to lock-in to prevailing yields and offers a predictable return for the fund’s tenure. Should you make the

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