Bond fund valuations dip 10% in a month

 Debt funds have failed to match the performance shown by equity mutual funds, which rode the equity rally in recent months.

 During the one month period ended November 21, 2003, the top five losers in bond fund category posted an average loss of 12.42 per cent, while the category, on an average, posted a loss in value of 10.36 per cent.

 The downturn in bond funds