FMP scare: A crisis brewing?
  • WebDesk BTVI
  • Apr 11 2019

Kotak MF has informed investors that it will make part-payment on FMPs. And, HDFC MF has extended the tenure of its FMP. The reason is due to delay in recovering money lent by the schemes to Essel Group. On ‘The MF Guide, experts discuss whether FMPs are being missold to investors, if there are more troubles ahead. Kalpesh Ashar says this FMP scare will set alarm bells ringing. Harshvardhan Roongta says when the maturity date is mentioned, investors are supposed to get the money on that day.