Debt mutual funds were considered a completely safe investment option almost two years ago. Risk-averse investors, who were looking to generate marginally better returns than savings bank accounts or fixed deposits, preferred to invest in debt mutual funds. This perception has changed in the last couple of years. The change started in September 2018 when IL&FS defaulted on its bond payments. Debt fund investors suddenly started witnessing frequent and large devaluation of NAVs of some funds, along with defaults and downgrades of companies where the funds have invested.
Nine big financial changes that you must watch out for in October
Read More