Recently Essel Infraprojects Ltd (EIL) defaulted on its debt schemes Essel Infra Series I & 2. These were Non Convertible Debentures (NCDs) issued by the borrower. As an investor in debt funds (Short Term Money or ), you must be wondering if this affects your .
The short answer is, you don’t need to worry. Scripbox did not recommend any of thewhich had exposure to these securities. In fact, preventing such exposure is one of our algorithm’s key objectives
Are you sure my Scripboxare safe?
Absolutely! This is because:
- Our algorithm recommends which belong to a category with low credit risk and low-interest rate risk.
- We then do a deeper analysis of trends in risk for all and only recommend above a threshold credit risk score.
- Finally, we ensure that the recommended are also large enough to minimise liquidity risk.
If you are invested only in Scripbox recommended, stay invested. There is no need to take any action or get worried.
What if I have debt funds other than what Scripbox has recommended?
If you are invested in other click here., in most cases there is not likely to be a reason to worry. If you want to see our take on them,