In two of the schemes, the disbursement was over 75% of AUM in April 2020, when fund houses wound up the schemes
What went wrong? Is there a systemic flaw? Is there a role for the regulator here? Can this happen again? What should you do to avoid such accidents?
Given that the Covid crisis could lead to more defaults by companies, investors are better off staying away from such funds
Debentures bought at around 27% discount in two tranches