BS Fund Manager: Unlike banks, mutual funds don't have NPAs, opine CIOs

Six of India's leading fund managers say it is unfair to compare the fund industry's issues with the banking sector's woes

What has gone wrong with debt investments?

S Naren: Two years ago when we did any investor event in debt, the only question people had was about the yield-to-maturity of the fund. It was as if a product with a higher yield-to-maturity also guaranteed higher returns. 

If I told them I was not willing to take that additional risk for generating the extra yield-to-maturity, people would look at me and say you are an equity guy, and do not understand debt. So, as a fund house, we went through a more difficult time in 2017 than in 2019, as all the