Citywire is speaking to fund selectors based in locations beyond the major financial centres, on an 80-day trip around the world. Our next destination has many pull factors, including a young population, rapidly growing middle class and business-friendly reforms: India.
India’s Sanctum Wealth Management asked clients to stop investing in lower-rated investment grade bonds earlier this year. But money is still being poured into funds that invest in these products, instead of the AAA-rated or equivalent bonds.
Roopali Prabhu, head of investment products, is spending triple the time on fixed income as a result. Prabhu also discusses a critical factor in mutual fund selection, and how she is coping with one of the world’s strictest lockdowns, in this interview with Citywire Asia.