India, April 16 -- It is not just the equities. There is a huge churn in debt. According to a recent report by Axis mutual fund, "The Middle East war remained at the forefront of most economies, and. has impacted countries to varying degrees. Globally, bonds saw yields rising amid rising energy pressures, and concerns that the Middle East conflict could lead to stagflation across economies, that is, a period of weak growth and rising inflation. Expect a rise in interest rates if crude stays elevated

above $100 a barrel. Short-term 2-5-year corporate bonds, tactical mix of long-duration G-secs, and income plus arbitrage are the best strategies."

So, if you are, or were, invested in debt funds, think again. Yes, we know that there were ma...