Pravin Palande

Pravin Palande

1 Editor - Markets and Finance ET Prime

I have tracked financial markets and investment strategies for more than two decades. I like to understand what really makes successful fund managers and traders. I believe that markets are always on the verge of becoming efficient. They are incredibly competitive places and those who are willing to change their mind with changing information always win. Before ET Prime, I worked with Forbes India magazine. I am a fan of dystopian literature.

Twitter: @lonelycrowd | Email: pravin.palande@timesinternet.in

I have tracked financial markets and investment strategies for more than two decades. I like to understand what really makes successful fund managers and traders. I believe that markets are always on the verge of becoming efficient. They are incredibly competitive places and those who are willing to change their mind with changing information always win. Before ET Prime, I worked with Forbes India magazine. I am a fan of dystopian literature.

Twitter: @lonelycrowd | Email: pravin.palande@timesinternet.in

Why Indian mutual funds took a big bet on IL&FS’s (good) bad debt

First, the rating agencies missed the tell-tale signs in the balance sheets. Then the fund managers failed to do their due diligence and took the flawed ratings as the final word. To complete the mess, they concentrated their position on the debt of a single company.

10 Oct 20180 comment
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