Thanks to recommendations at various forums, media etc. I decided to park extra money in a debt fund - Principal Cash Management Fund - Direct Plan.
Now, I am 7 % loss.
This is ridiculous. I would have earned around 6% on FD. So it’s opportunity loss of about 7+6 =13%.
What do I with this debt fund now
? Clearly my trust in debt fund is broken.
Thanks,
Neo
Opinions are like arm pits. Everyone has theirs & thinks theirs doesn’t stink
That’s very bad to assume safe as FDs, as FDs themselves r not safe abv 1lakhInr.
Its a wrong notion that equity funds can get u losses but not the debt funds!!!
Average loss across the debt market is arnd 16%, as it is debtMF, it is reflecting less…