 "Amandeep Chopra, group president and head-fixed income, UTI MF")
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 some of these structures. LAS, direct exposure to real-estate, developer funding,
