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

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Last Comment 2020-03-13

bikidas2060

2020-03-12

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...

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https://www.desidime.com/discussions/franklin-mf-marks-down-reliance-adag-essel-group-debt-navs-of-5-schemes-plummet?page=1#post_6552383

guest_999

2020-03-12

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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.

https://www.desidime.com/discussions/franklin-mf-marks-down-reliance-adag-essel-group-debt-navs-of-5-schemes-plummet?page=1#post_6552613

dummyuser

2020-03-12

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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.