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 ...

Large cap equity funds actively managed by renowned fund managers have been highly criticised for delivering sub optimal returns in the last two to three years. While some of the biggest large cap equity funds delivered returns in the range of 11-13% annualised in the last three years, the BSE Sensex was up around 15% annualised for the same ...