Kotak Mahindra AMC admits better communication needed over credit risks
Updated : May 16, 2019 06:46 AM IST
The comments come against the backdrop of the fund house seeking more time for payouts with respect to Fixed Maturity Plans (FMPs).
Otherwise, investors thought that credit risk funds are akin to a "free lunch", which will deliver up to 2 percentage points extra without exposing themselves to any volatilities.
Fund houses' exposure to the financially struggling promoters Essel Group through loans against shares is at the centre of the current problems.