Debt mutual funds was safe - or everybody thought so until the IL&FS episode. Suddenly, debt funds started gaining notoriety as downgrades or defaults hit them with regularity in a slowing economy, before falling into the clutches of the COVID-19 pandemic and subsequent lockdown. Cracks have been appearing in debt funds since the IL&FS episode in 2018, translating into risk aversion in sectors like NBFCs, realty and structured products.
IPL 2024: 6 crucial financial lessons to learn
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