Santosh Kamath, current Chief Investment Officer (CIO) of India AMC Fixed Income funds, will assume a new role as the President and CIO of Franklin Templeton Alternative Investments India Pvt. Ltd (Alternatives) effective August 1. The India Alternatives business led by Santosh will initially focus on alternative credit, covering listed and unlisted corporate bonds and structured credit.
One of India’s biggest debt fund managers is taking a contrarian bet on short-duration bonds, arguing that the central bank won’t roll back its rate hikes anytime soon.
With India sticking to localized curbs instead of a nationwide lockdown amid the deadlier second coronavirus wave recently, the impact on economic activity and businesses has been much lower, according to Sankaran Naren, chief investment officer at ICICI Prudential Asset Management Co.