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News From Press Debt defaults hit credit-risk fund returns

Debt defaults hit credit-risk fund returns

Source: The Economic Times Mar 15, 2019


Credit-risk funds, which were the top performers among debt funds barely a year back, are now sitting at the bottom of the performance charts. These funds fetched a measly 5% average return over the past year — lower than ultra-short duration funds — compared to return of up to 8% a year ago. The returns from these funds have been singed amid the fallout of the IL&FS default and the spate of credit events that have followed since.

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