Franklin MF NAVs dip on markdown of ADA group and Essel Infra debt securities

In the case of ADA group, earlier on February 24, the NCDs were valued based on a cumulative haircut of 72.99%. On March 9, the fund house has marked down the security by 95% of Face Value (FV) on a cumulative basis.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2viUXVc