News From Press Credit risk funds lose a fifth of their assets in just 3 days

Credit risk funds lose a fifth of their assets in just 3 days

Credit risk funds yielded significantly higher returns than normal debt funds.

The Economic Times May 2, 2020

In the staid world of debt funds, they were the equivalent of Savile Row suits – until last week. Since Franklin Templeton abruptly pulled the plug on six debt schemes, the money under management at Mumbai’s high-yielding credit risk funds has shrunk by about a fifth in just three working days. Pronounced outliers in the debt basket, credit risk funds yielded significantly higher returns than normal debt funds because of their bets on higher-risk bonds.

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