Municipal credit forms an important complement to Dhanam Prabawa Holdings’ fixed income strategy, offering both income generation and exposure to essential infrastructure financing. These instruments are backed either by the fiscal capacity of local and regional governments or by dedicated revenue streams that support services such as transportation networks, utilities, education, and healthcare systems—projects that underpin long-term economic growth.

 

For Dhanam, municipal credit provides dual value: stable cash flows and alignment with real economic productivity at the community level. While our allocation remains selective, priority is given to issuers with strong fiscal discipline, transparent governance, and credit ratings that reflect prudent financial stewardship. This ensures that our participation supports sustainable development while safeguarding capital.

 

Our approach, while anchored in developed markets, selectively incorporates municipal credit from emerging economies with credible frameworks for debt service and infrastructure development. In this way, municipal credit serves not only as an income stream but as a bridge between stable fixed income returns and Dhanam’s broader mandate of investing in sectors with structural long-term relevance.