News From Press Debt mutual funds losing ground as NBFC stress hits segment

Debt mutual funds losing ground as NBFC stress hits segment

Source: Economic Times May 28, 2019

The great Indian middle class is on a perennial hunt for savings instruments that yield a bit more than bank deposits and are tax efficient. Debt mutual funds, which seemed to have met this need earlier, are losing ground rather quickly after the NBFC stress lately caused scheme values to plunge.

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