Are you counting on your mutual funds to always write off losses in schemes?

HDFC Mutual Fund’s decision to buy NCDs of two companies of troubled Essel Group worth Rs 500 crore from its Fixed Maturity Plans maturing between April and September has queered the pitch for the mutual fund industry. Are mutual fund houses going to take losses made by their schemes into their books now? Is it going to be the new business practice? Or, as some advisors always used to maintain, should you do business only with large fund houses now, as only they can write off such huge losses? 

Click here to read more>>