His financial planner Steven Fernandes, founder of Mumbai-based Proficient Financial Planners, helped him rejig his portfolio to mitigate the risks. When Salunkhe retired, Fernandes spread his debt portfolio across different products to minimize the risks. His debt investments had a mix of liquid, ultra short-term and credit risk funds, besides fixed deposits (FD). About 3-4% of his debt portfolio was also in a non-convertible debenture. Three of Salunkhe’s debt funds were hit due to defaults (they constituted 2-4% of his investments in debt funds), but he didn’t see any capital erosion.

Source: Mint January 02, 2020 00:33 UTC