Don’t let the FMP lapses define your overall MF relationship

by Money Puzzle   ·  April 11, 2019   ·  

A lot has already been written about the recent deferred repayments in fixed maturity plans (FMPs) from Kotak Asset Management Company and also the rollover of another one by HDFC Asset Management Company. This is all happening thanks to these funds owning debt securities issued by Essel Group promoter companies which now have no liquidity to pay out their financial ...