JP Morgan AMC Takes A Big Hit on Two Short Term Debt Funds – The Sword of Potential Default in Amtek Auto?
Remember Amtek Auto? That company that fell big time on the exchanges and the official excuse was that it was taken out of the F&O category?
Well, that’s not that only thing that seems to have been hit. JP Morgan AMC’s short term debt funds have seen a large dip in their NAV yesterday. From Invest Mutual:
JP Morgan Short Term Income Fund -3.38% – This is a short debt fund with Avg Maturity of 3.59 yrs and a Modified Duration of 2.01
JP Morgan India Treasury Fund -1.73% – This is an ultra short term fund with Avg […]