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Personal Finance

Money Money Money: Debt, downgrades and defaults

Updated : July 30, 2019 10:21 PM IST

It's been almost two months since the fixed income market was hit with the Dewan Housing Finance (DHFL) downgrade.

While the company was subsequently paid the payment, which it had missed on June 4, liquidity problems persist not just with DHFL but with a raft of entities within corporate India. The list of stressed companies, rating downgrades and defaults has become longer and longer.

CNBC-TV18 spoke to Feroze Azeez, deputy CEO of Anand Rathi Financial Services and Amit Tripathi, chief investment officer, fixed income, Reliance Nippon Asset Management Co, to understand how should investors approach debt mutual funds, is credit really a bad word?
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