Even though the feel-good factor has returned to the Indian markets after the NDA government’s return to power with a landslide majority, non-banking financial companies (NBFC) remain an Achilles heel. With a spate of recent defaults, the gloom has begun to reach investors. Anuradha Shukla spoke to Radhika Gupta, CEO, Edelweiss AMC, who feels that the NBFC crisis is a short-term glitch. Gupta is largely upbeat about the future of the country’s mutual fund industry. Here are the excerpts from the conversation:
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