The short answer is, you don’t need to worry. Scripbox did not recommend any of the funds which had exposure to these securities. In fact, preventing such exposure is one of our algorithm’s key objectives
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We were expecting the RBI governor to step in and provide liquidity and rate cuts. The RBI governor did just that today. He declared a string of measures like cutting the Repo and the reverse repo rates, cutting the Cash Reserve Ratio (CRR) by 100 basis points, injecting liquidity of Rs 3.74 lakh crores in the system etc. All this should cause the interest rates to go down (and hence bond prices to go up). At the time of writing this piece, the interest rates were indeed down.
To ensure that you make the most of this lockdown in terms of financial know-how, and have the essentials covered, we have designed a 15-day action plan for you. Just one hour every day for 15 days will ensure that you are at the top of your finances. You can reserve weekends solely for family time.
The potential economic impact of the Coronavirus outbreak affected markets significantly towards the end of February. Another big challenge faced by the economy is continuing weakness in GDP growth combined with a relatively high fiscal deficit. Some of the key initiatives like lower corporate tax rates are expected to kick start the investment cycle by the industry