In a year of downgrades and defaults, the corporate debt fund category of the (called Asset Class C) has delivered returns of 11-13%. The average return on corporate bond mutual funds (the most comparable mutual fund category) on the other hand, is 8.20%. Mutual Fund schemes were hit hard by exposure to defaults and downgrades in groups such as IL&FS, Essel, DHFL, Reliance ADAG, Sintex BAPL and Altico.
Health, life insurance premiums need a tax cut? GoM to meet on October 19
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