- Due to the growth in LC, the average duration of the portfolio is shorter than the average duration if they stopped growing. (biggerpockets.com)
Assuming duration of a portfolio is 1 year, then for every 1 % change in interest rates, the price of the portfolio will change by 1 % in the reverse direction. (unovest.co)
It is proposed to be changed to» an open ended ultra-short term debt scheme investing in debt and money market securities such that the Macaulay duration of the portfolio is between 3 months and 6 months.» (unovest.co)