After several credit events over the past 10 months, starting with what happened at IL&FS in September 2018, debt fund investors are naturally a concerned lot. They are at a…
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Which Category Of Debt Funds Remains Intact In The Current Turmoil?
Today, a major concern among debt fund investors is credit defaults. Typically, investors take additional risks – duration risk and credit risk to generate better than liquid funds returns. When…
Budget 2019: Buybacks May Not Be a Lucrative Option
By Joydeep Sen Budget 2019 India: There are various ways a company can reward shareholders. Payment of dividend is the most common method. The other methods are issuance of bonus…
Viewpoint | Needed: Regulatory clarity on stressed debt taken over by fund houses from schemes
In our previous article, we had discussed about AMCs (asset management companies) buying out debt from their schemes (i.e. funds) in extreme situations. From the perspective of market regulator SEBI’s regulations,…
Opinion | Rating Agencies: What Is The Umpire’s Verdict?
Whenever there is a doubt about a player’s action, people look towards the umpire. Now that there are doubts about rating agencies, we will look at what capital markets regulator…
Viewpoint | Should Fund Houses Make Good Investment Losses?
There have been discussions recently on HDFC AMC providing ‘liquidity’ to a few Fixed Maturity Plans (FMPs) by agreeing to purchase the questionable exposure in certain Essel Group entities. This…
TCUpdate: India’s First Multi-State, Technology-delivered Financial Inclusion Certification Goes Live!
Styled Text India’s first Multi-State Technology-delivered Certification in Financial Inclusion Goes Live Story Telling & Role Play Narrative for easy understanding Delivered in Regional Languages to ensure higher effectiveness On…
Actively managed funds have underperformed benchmarks but this could soon change
In the fund management industry, there is one big difference between developed markets like USA and emerging markets like India: a clear shift from actively managed funds to passively managed…
Viewpoint| Lower Rates To Help Consumers, Hurt Depositors
The headlines would have be hitting you since noon: that the Reserve Bank (RBI) has cut rates by 25 basis points, that the Monetary Policy Committee (MPC) has changed its…
Opinion | Credit Defaults: Dark Clouds Are Still Hovering, But All Is Not Lost Yet
Ever since the car started sputtering in September 2018 with the IL&FS episode, the journey has not been smooth. Every other day, a new pothole is discovered. Some credit rating…
Viewpoint | Come 6 June, will The RBI Play Or Pause?
We are at an interesting juncture in the economy today, in the context of interest rates. Most times, the point of debate remains that stakeholders expect lower interest rates, while…
Viewpoint | Overnight Funds Get Traction; Here Is Everything The April MF Data Reveals
Mutual fund data is released by AMFI every month. However, in the current context, the market mood is ruffled due to various reasons: • Equity funds are not generating alpha…