The COVID-19 lockdown brought in a wave of fear among debt fund investors who redeemed large sums of money from the funds holding low rated paper. The surge in redemptions forced debt funds to borrow money to honour the redemptions. This is because they were unable to sell their holdings, in a market that had become illiquid. On April 23rd, Franklin Templeton Mutual Fund froze 6 debt schemes with a corpus around Rs 26,000 crore and announced their winding up. To calm down investors, RBI announced a special liquidity on the 27th. What is the facility all about and will it solve the problem? Mint explains
Rising interest rates are hitting returns of debt mutual funds in India. Mint explores some solutions to this growing problem. Read here:
https://www.livemint.com/mutual-fund/mf-n ... Read more
Rising interest rates are hitting returns of debt mutual funds in India. Mint explores some solutions to this growing problem. Read here:
https://www.livemint.com/mutual-fund/mf-news/how-investors-in-debt-mfs-can-navigate-a-rising-yield-scenario-11614100091604.html Read more
Lenders don't accept all forms of gold. Also, banks and NBFCs follow different processes. In this episode, Mint's Renu Yadav will tell you 5 things to know before taking a gold loa ... Read more
Lenders don't accept all forms of gold. Also, banks and NBFCs follow different processes. In this episode, Mint's Renu Yadav will tell you 5 things to know before taking a gold loan. Read more
The interest rate cycle looks like it is about to turn, but floating rate funds may not be the answer for debt mutual fund investors. Mint explains. Read more
The interest rate cycle looks like it is about to turn, but floating rate funds may not be the answer for debt mutual fund investors. Mint explains. Read more
The government has proposed new TDS to penalise those who don't file an income tax return even if they are eligible to. We explain what this new rule is. Read more
The government has proposed new TDS to penalise those who don't file an income tax return even if they are eligible to. We explain what this new rule is. Read more
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