IL&FS Default: Why SEBI Should Look Closely at How Liquid Funds Invest
Clinton Fernandes 21 September 2018
The week, so far, has been brutal for investors in mutual fund (MF) equity schemes and debt schemes. For equity schemes, it was the correction in the broad equity market that upset the performance. On the other hand, debt scheme investors took a surprise hit due to the recent IL&FS (Infrastructure Leasing & Financial Services) default.
The shocking aftermath of the IL&FS default was that many...
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