Last week, the unthinkable happened for debt fund investors. Most of the 165 mutual fund schemes across 24 asset management companies (AMCs) that were exposed to debt issued by DHFL group as of 30 April had to write down the value of their holdings by 75%. As a result, the value of several of these schemes fell sharply, with one of them, DHFL Pramerica Medium Term Fund, falling by more than half, 52.99%.
Nine big financial changes that you must watch out for in October
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