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  • News From Press How The IL&FS Crisis Took A Toll On Mutual Funds

    How The IL&FS Crisis Took A Toll On Mutual Funds

    Source: Bloomberg Quint Feb 16, 2019


    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 as...

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