Recently, a journalist asked me whether retail investors need to be more careful with their debt funds, in the context of the recent credit risk issues. My reply was, ‘Can they, really?’ When the Essel group issue came to light, it took our entire research team several days of analysis and follow-ups with fund houses before we could wrap our heads around the problem. There were name changes, missing information, and several crossholdings to decipher. Can we even imagine the plight of a regular i ..
