Interview | Carry trade is going to be a key theme in 2021 for debt funds, says Lakshmi Iyer of Kotak AMCÂ Market Outlook January 17, 2021India We are not going to see aggressive rate cuts, going forward. This is the reason capital gains will most likely play second fiddle to the carry in 2021, says CIO-Debt and Head-Products at Kotak AMC Moneycontrol Opinion