The IL&FS default saga and crisis in the NBFC space are casting a long shadow in the debt mutual fund space. The recent dip in NAV of two debt mutual fund schemes of Tata Mutual fund that held IL&FS papers further spooked investors. Tata Money Market Fund saw a 5.94 per cent dip in its NAV on October 29. Tata Short Term Fund also saw a 3.2 per cent fall in its NAV.
The dip in NAV of Tata schemes was because the fund house wrote off the balance 50 per cent of its investment in th ..
