How KKR-advised BOI Axa Credit Risk Fund suffered a 50% steep fall

How KKR-advised BOI Axa Credit Risk Fund suffered a 50% steep fall

Photo: Reuters

If you had invested 100 in this fund at its launch in Feb 2015, you would have been left with 36 now. It has delivered a return of -17.86% since launch with much of the collapse coming after the IL&FS crisis erupted in India in September 2018. On 24th April 2020, the fund dropped by a heart-stopping 50.22% overnight as it proactively marked down various securities.

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