A passenger sits below an advertisement for the Mutual Funds Sahi Hai campaign by the Association of Mutual Funds in India (AMFI) at a bus stop in Mumbai, Maharashtra, India. (Photographer: Dhiraj Singh/Bloomberg)

Financial “WMDs” And Mutual Funds’ “Agnipariksha” - With Nilesh Shah, Anil Singhvi

In the past few months financial markets have had to come to terms with three risks – two new ones and one that's plagued markets in the past as well.

The standstills arrived at by the promoters of the Zee Group and the Reliance ADA Group have exposed problems with instruments backed by promoter equity, the risk that mutual funds have taken on when investing in these instruments and age-old issue of promoter pledged shares.

BloombergQuint's Ira Dugal and Menaka Doshi discuss the issue with Anil Singhvi, founder of governance advisory firm IiAS and Nilesh Shah, managing director at Kotak Mahindra Asset Management.

Watch the full discussion here