Today’s “Phrase of the Day” is close on the heels of and its meaning is “close behind, soon after, immediately after, following closely“.
Example Sentence: Incidentally, the development comes close on the heels of Franklin Templeton Mutual Fund announcing the winding up of six debt schemes with a combined AUM of Rs. 26,000 crore due to an illiquid market for low rated securities.
This phrase is present in The Hindu Business Page article Aditya Birla MF suspends fresh inflows into two debt schemes and click here to read it.
Courtesy: The Hindu.
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