homevideos Newspersonal finance NewsMutual Fund Awards 2018: An exclusive conversation with stalwarts of MF industry
Mutual Fund Awards 2018: An exclusive conversation with stalwarts of MF industry
Latha Venkatesh caught up with the most elite representatives of the mutual fund industry at the sidelines of the Mutual Fund Awards and quizzed them about who to blame for the ongoing debt fund crisis.
A Balasubramanian, CEO, Aditya Birla Sun Life AMC, Sunil Subramaniam, CEO, Sundaram Mutual Fund, Nilesh Shah, MD, Kotak AMC and Raamdeo Agrawal, joint MD, Motilal Oswal Financial Services spoke about the latest happenings in the market and mutual fund industry.
“What is constant is the change in the regulation and at the same time growth is also constant for the industry,” said Balasubramanian.
When asked about the debt market crisis, Subramaniam said he will blame the banking system.
On IL&FS crisis, Shah said IL&FS is exactly like Satyam and it required an intervention because it is not a fraud.
“Derating doesn’t mean that they are going to give zero paise back to the lenders. They will remit anywhere between 75-80-90 percent,” he added.
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