Traffic jams in Mumbai are normal but I recently saw a picture of a traffic jam (queue) to climb and descend Mount Everest. The sad part was that a few climbers died as they ran out of oxygen when descending. Climbing Everest is not just about reaching the summit, the journey doesn’t end till you return to the base camp as the descent is equally difficult. Credit issues facing debt funds, especially credit risk funds (CRFs), have a strong connect with this example as many investors entered CRFs for higher returns vis-à-vis traditional deposits. They thought it was a one-way street, unaware of the downside risks like defaults or downgrades which impacted returns recently.
Nine big financial changes that you must watch out for in October
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