Franklin MF marks down Reliance ADAG, Essel Gro...

Franklin MF marks down Reliance ADAG, Essel Group debt, NAVs of 5 schemes plummet

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Franklin MF marks down Reliance ADAG, Essel Group debt, NAVs of 5 schemes plummet

So, before investing in Debt funds, do not try to compare it with bank fixed deposit. This is the risk they always talk about. Take that ownership, don’t blame anyone, stay safe, happy investing.
https://www.moneycontrol.com/news/business/mutu...

8 Comments  |  
4 Dimers
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Exactly,many people have this misconception that debt funds give lower returns than equity MFs but are almost as safe as FDs. If one wants absolute safety then only see ultra short term liquid funds dealing in gilt/govt bonds/treasury bills but then their return may just match FDs offered by major banks so not much difference other than some tax savings via indexation benefit.

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Deal Subedar
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I was one of those with this misconception too and had recently purchased some units of Franklin ultra short term and within a fortnight the Vodafone Idea news came in and the fund crashed by close to 5% in just a day.

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dummyuser wrote:

I was one of those with this misconception too and had recently purchased some units of Franklin ultra short term and within a fortnight the Vodafone Idea news came in and the fund crashed by close to 5% in just a day.

This is the type of fund(aka liquid fund) that you & many others usually missed:
https://www.moneycontrol.com/mutual-funds/nav/f...

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Deal Cadet
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dummyuser wrote:

I was one of those with this misconception too and had recently purchased some units of Franklin ultra short term and within a fortnight the Vodafone Idea news came in and the fund crashed by close to 5% in just a day.

R u reddeming whole of the money now??

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guest_999 wrote:

This is the type of fund(aka liquid fund) that you & many others usually missed:
https://www.moneycontrol.com/mutual-funds/nav/f...

Ok got it. so the ultra term one has extremely low debts of govt securities while the one you suggested has a higher portion of govt securities

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BabuBhaiii wrote:

R u reddeming whole of the money now??

No I didn’t. It wasn’t a huge sum hopefully will wait for it to get to cost and then decide whether to exit or not

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dummyuser wrote:

No I didn’t. It wasn’t a huge sum hopefully will wait for it to get to cost and then decide whether to exit or not

Same case after voda idea I gave a thought of redeeming it…but followed a grow video saying let’s wait for final decision n all leading loss of more.money due to yes bank…. currently more 3k loss on lumsump that’s why seeking some good share to bypass that loss + gain more money

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BabuBhaiii wrote:

Same case after voda idea I gave a thought of redeeming it…but followed a grow video saying let’s wait for final decision n all leading loss of more.money due to yes bank…. currently more 3k loss on lumsump that’s why seeking some good share to bypass that loss + gain more money

hopefully don’t buy tomorrow.. it will get nastier like it was today

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