News From Press Credit risk funds of 3 mutual fund houses stand tall amid defaults, downgrades

Credit risk funds of 3 mutual fund houses stand tall amid defaults, downgrades

Source: The Economic Times Dec 26, 2019

The credit risk mutual fund category has earned a bad name in 2019. The category has been witnessing consistent outflows for several months now, owing to a series of defaults and downgrades that shook the NBFC space. The assets managed by the category was down by 20% since the financial year beginning, to Rs 63,754 crore in November. However, three fund houses have managed to grow their assets thanks to their sound performance and effective risk management system.

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