Investors who opted for systematic transfer plans (STP)— put their money into a debt scheme to gradually invest into equity funds—are in serious trouble. With debt schemes crashing, some of the STP investors’ principal investments have significantly shrunk. For instance, had you started an STP a year ago by parking your money in DHFL Pramerica Medium Term Fund, your principal would have reduced by more than 50%. Given the situation, what should STP investors do?
Nine big financial changes that you must watch out for in October
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