Mahendra Kumar Jajoo, Chief Investment Officer (CIO) - Fixed Income, Mirae Asset Investment Managers (India), spoke about the role of debt in portfolio diversification at the Outlook Money 40After40 on February 7.<br /><br />Jajoo emphasised the importance of diversifying portfolios with debt investments to ride market volatility smoothly. Jajoo noted that for a typical Indian household, debt constitutes about 60 per cent of the overall portfolio.