Perpetual bonds, which include AT-1 bonds, are considered riskier than other debt instruments, as they can be written down before equity, leading to losses for investors. Investors in YES Bank’s AT-1 bonds suffered such losses in 2020, while more recently, at a global level, perpetual bonds were written off following Credit Suisse’s bailout.
Equity MF inflows slide 14%; large & midcaps gain traction
Inflows into equity mutual fund schemes fell by 14% in October, reflecting a trend of reduced investor allocations. Although smallcap funds saw decreasing inflows, large