Debt market investing has not been a pleasant experience for mutual funds (MFs) of late. Besides loan-against-share (LAS) structures seeing a strain, non-banking financial companies (NBFCs) exposed to developer funding pose contagion risks to the markets.
Amandeep Chopra, group president and head-fixed income, UTI MF, shares his views with Jash Kriplani on recent events in the markets. Edited excerpts: How LAS and developer funding will be impacted as NBFCs face funding crunch? A lot of NBFCs will be deleveraging their books. They will have no choice, but to stop refinancing ...
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