 "Umang Papneja, Executive Director of Wealth Management")
Mid- and small-caps must be handled cautiously, given the imminent tapering by the US Federal Reserve and the squeeze in liquidity, says Umang Papneja, executive director & CIO at IIFL Wealth Management. In an interview with Ashley Coutinho, he says the spreads between g-secs, perpetual bonds and other credit papers are in the 100 to 150 basis point range and may not offer adequate compensation for the risk undertaken for credit risk funds and AT1 bonds. Edited excerpts:
Which are the areas of opportunities for investors?
There exist multiple opportunities for the long-term investor to create wealth. Domestic demand is
