The winding up of six debt mutual funds by Franklin Templeton India last week may have come as a shock to many investors, but the writing was on the wall for quite some time. All the six schemes (see table) had a yield to maturity (YTM) in double digits at a time when bond yields are well below 7%. A high YTM is an indication that the scheme is holding low-rated securities. The slowdown in the economy and the liquidity crisis following the IL&FS and Yes Bank fiascos had already mad ..
Health, life insurance premiums need a tax cut? GoM to meet on October 19
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