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Most recents (1)
In an unprecedented move, a Mutual fund declared winding up 6 credit risk funds (CSF) overnight having 26,000 crore in AUM. This has caused undue anxiety amid investors as they cannot buy, sell or redeem their units.
(a) Liquidity, Maturity profile and #Credit quality for CSFs should be checked thoroughly before investing. This particular MF had redemption issues earlier with Essel, #ADAG and #Vodaphone exposure. This is not a new issue, but extension of previous investment calls.
(b) #Emergency fund cannot be invested in debt funds specially credit risk funds. If you were doing this, it's time to get a financial advisor on board. If he has recommended these funds, time to change your advisor.
