‘Fixed Income May Become Attractive In 3-6 Months’

The debt fund market has come a long way since the IL&FS-led crisis of 2018, followed by the Covid disruption. Manish Banthia, senior fund manager-fixed income, ICICI Prudential Mutual Fund, has been through all the challenges and is successfully managing 24 schemes that total Rs 1.47 lakh crore in assets under management (AUM), the second-highest in the industry, either independently or along with co-fund managers. Six of his funds have made it to the OLM 50 list under hybrid and debt categories. He shares his insights with Outlook Money’s Kundan Kishore on the funds he manages. Edited excerpts: The broad idea for investment is to get risk-adjusted returns. How can one assess risk, especially in the debt space? Every market will have periods when risk levels are very high. But there are times when risk levels may seem high but are not. For example, from the equity...