The NSEL payment crisis began in July 2013 when the exchange defaulted on 5,600 crore owed to around 13,000 investors. It had offered contracts that involved buying and selling commodities with fixed returns, but most trades were not backed by the actual commodity.
HDFC Defence Fund among 13 equity MFs that delivered over 4% returns last week. Check top 5
Of the 614 funds analysed, 576 posted positive returns, one remained flat, and 37 delivered negative returns.