The recent Franklin Templeton Mutual Fund fiasco, which saw it shutting six of its debt schemes, has once again highlighted the risks funds face when fund managers take aggressive credit calls to chase higher returns. Five out of the six Franklin schemes that were shut were among 10 open-ended debt funds with the highest yield-to-maturity (YTM), as per the March-end portfolios, according to data from Crisil.
Health, life insurance premiums need a tax cut? GoM to meet on October 19
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