MUMBAI: Debt returns have been rather depressed, with rates plunging to record lows. So, how does one earn more from this asset class – at least more than the headline inflation rate? One way to do this is to buy into MLDs (market-linked debentures), now offered by the likes of Piramal Finance or Shriram Transport Finance. They aren’t alone in selling these. TPG-backed Five Star Financial and the IIFL Group have also been selling MLDs, which