ADVERTISEMENT
How The IL&FS Crisis Took A Toll On Mutual Funds
Fourteen mutual funds saw assets drop by Rs 61,000 crore since September.
15 Feb 2019, 12:43 PM IST
Fourteen mutual funds saw their debt assets erode by about a tenth in four months since fears of a credit shortage triggered redemptions from debt schemes.Overall assets declined by Rs 61,000 crore since September for these funds, according to disclosures and data collated by BloombergQuint. Debt contributed nearly 70 percent of the drop for the funds that managed Rs 6.3 lakh crore worth of assets—about half the fixed income and debt...
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Full Access to
NDTV Profit App
Exclusives
Premium Stories
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Ad-Free
Experience
Members-Only
Rewards
Still Not convinced ? Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT