Q&A with Sandeep Yadav, Head-Fixed Income, DSP MF

Categories that have done well when yields were rising will not be the ones that outperform in the next phase of the market when yields are stable or falling. So avoid selecting debt mutual fund categories based on past returns. Also, avoid selecting a fund based on yield alone because a fund with a higher yield could also be taking more risk, says Sandeep Yadav, Head-Fixed Income, DSP Mutual Fund.