A string of defaults and rating downgrades over the past year has hurt perceptions about debt funds. Credit risk funds in particular have got a bad name. Sharp fall in NAVs of a handful of credit risk funds have led to large outflows from this category. The total corpus managed in this basket has shrunk from Rs 91,000 crore in August last year to Rs 68,500 crore in August this year. However, investors should look deeper instead of painting the entire basket with the same brush.
Nine big financial changes that you must watch out for in October
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