JPM Amtek incident (2015)

Tue, 19 May 2026 00:00:00 +0000

In August 2015, JPMorgan Asset Management India’s two debt mutual fund schemes were exposed to a default by Amtek Auto Limited, an Indian auto-components manufacturer. The Amtek Auto bonds held in JPMorgan’s debt schemes faced credit deterioration leading to redemption pressure that the AMC could not meet at fair prices. The event was one of the earliest major debt-mutual-fund crises in India and contributed to the policy thinking that later produced the side-pocketing framework (2018) .

JPMorgan on WebNotes

JPM Amtek incident (2015)