Opinion | Debt mutual funds: Quantum of loss and solace
There may be some shift from debt MFs to bank deposits but things are not as bad
The dust had barely settled on the aftermath of the IL&FS default when another issue cropped up. That is, FMPs with exposure to Essel group maturing before 30 September, the date on which purportedly the Zee group promoter will pay up his dues. The standstill agreement ends on 30 September, post which the mutual funds and other holders of pledged shares of Essel group may come to the market to sell to realize dues, if the Zee horror show continues.