News From Press Debt trap: UTI debt mutual funds continue to bleed from IL&FS blow

Debt trap: UTI debt mutual funds continue to bleed from IL&FS blow

Source: The Economic Times May 4, 2019

Investors in some of UTI’s debt mutual funds just took another battering, thanks to their exposure to a unit of Infrastructure Leasing & Financial Services (IL&FS), reflecting the continuing damage to India’s debt markets stemming from the financier’s default in September last year.

Worst hit was UTI Banking & PSU Debt Fund — its net asset value fell 6.7% on April 30 after marking down investments in the nonconvertible debentures (NCDs) of Jorabat Shillong Expressway Ltd (JS ..

Click here to read more>>

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

Can the defence sector continue firing after 100% gains?

Don’t let money hurt your marriage: How married couple can manage money and avoid conflicts on financial matters

Why beginners should avoid risky equity investments

Are you hoping rate cuts will boost your stock prices? You may be wrong, here's what investors should do now

What are risks and opportunities associated with Small Caps?

Overheated markets: Does the mid and small-cap mutual funds stress test reveal some unpleasant truths?

Nine big financial changes that you must watch out for in October

National Pension System: How to choose the right annuity plan?

Buying health plan in India can help NRIs during visits here

SBI Funds Management purchases Rs 103 crore office space in Mumbai

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

As regards Portfolio Management Services (PMS), what is your status

Actively selling PMS

Not selling PMS but considering it seriously

Not selling PMS and not considering it either

EVENTS FORUMS