Essentially, tranches reflect different degrees of credit risk. A senior tranche of investors is prioritised in distribution of proceeds over the junior tranche. Senior tranches get lower yields, reflecting their reduced risk.

Moneycontrol Pro Panorama | An advent calendar for markets
Nov 14, 2025 / 03:20 PM IST
In November 14 edition of Moneycontrol Pro Panorama: Is the gold rally a warning about inflation ahead, thematic schemes are boomi...
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