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Admission of error of judgement is welcoming as it reflects the fact that Fund managers are Human too and none of them has a magic band to swirl for Great out-performance . It can only be a wisdom. We IFIs and investors also do make error of judgement most of the time getting swayed away by recent performances and completely ignoring associate risks. We also have preference for some AMCs and funds and stick to them often with or without reasons for long. We need to understand that Emotion is not cure for Irrationality but taking right course of action is . Credit Risk was marketed as far higher return potential than Bank FD[ almost mimicking Equity returns] without much adherence to associated risk , so paid the price.
Excellent and very open discussion and admission by Mr. Dangi on credit space. He rightly pointed out attitude of borrowers towards credit culture prevailing in our country and all the stake holders needs to sit together to sort out this deep trouble.
Very valid points are being raised and discussed by Mahesh Dangi. Collective efforts are required by many stakeholders simultaneously that can change the outlook towards corporate risk funds and yes, the process is important for all of us to adhere to bring back confidence into investor mind.
