Debt funds are often seen as a proxy to traditional investment products, but the recent credit default events brought the focus back to the risks associated with these funds. Investors in fixed maturity plans (FMPs) were also impacted as some of these funds were not able to honour their close-ended redemption schedules and, instead, communicated to investors their decisions to defer partial redemption amounts. The credit ratio, signifying the ratio of upgrades to downgrades, stood at 1.81 in the ..
Nine big financial changes that you must watch out for in October
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