MFs’ Investment in Bank CDs Can Be Risky
Securities and Exchange Board of India (SEBI) chairman, Ajay Tyagi, has warned fund managers against adding bad assets to their portfolios when investing in fixed-income securities. The warning comes at a time when some debt mutual funds (MFs) made bad investment decisions at the cost of the investor. Some of the purchases of fund managers are questionable and, hence, debt mutual fund...
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