With the downgrades of three key Reliance ADAG group companies, the debt problems that were till now centred on debt funds and fixed maturity plans are now spreading to hybrid funds as well, in turn affecting retail investors more. Hybrid funds, known as balanced funds earlier, invest in a combination of equity and debt assets. Open-ended hybrid funds, in particular, are popular among retail investors. According to data from the Association of Mutual Funds in India (Amfi), as of March 2019, individual investors accounted for 88% of the assets of equity-oriented schemes, a category that includes hybrid funds.
Can the defence sector continue firing after 100% gains?
Read More