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Around the World in 80 days: the product Indian HNWIs can't quit

We are speaking to fund selectors based in locations beyond the major financial centres, on an 80-day trip around the world. Our next destination has many pull factors, including a young population, rapidly growing middle class and business-friendly reforms: India. 

India’s Sanctum Wealth Management asked clients to stop investing in lower-rated investment grade bonds earlier this year. 

But money is still being poured into funds that invest in these products, instead of the recommended AAA-rated or equivalent bonds. 

Roopali Prabhu, head of investment products, is spending triple the time on fixed income as a result. 

Prabhu also discusses a critical factor in mutual fund selection, and how she is coping with one of the world’s strictest lockdowns, in this interview with Citywire Asia.