Debt funds indexation removal

Of course, debt funds too can have losses for a few reasons, but for the most part they have been good except for a few instances in the past few years. Liquid, MM, UST have been good.

For someone who shifts the gains from equity to these debt funds, and with time these funds grow, when indexation is removed, the impact could be big. So despite the occasional downgrades and defaults, some exclusive to FT like fund houses, debt funds as a category have served a purpose for many.