Economic Times has raised the "danger" flag on the bubble building up in the sector in a full page feature . "The hype around impact investing far outweighs reality," warns Vineet Rai, founder and chairman of Intellecap, with over a decade's experience in funding and handholding social entrepreneurs through the Aavishkaar funds. "The expectations being raised are just beyond the capability of the system to deliver." ... The noise around impact investing reached a crescendo in November 2010, when JP Morgan categorised it as a distinct asset class and estimated an investment opportunity between $400 billion and $1 trillion (about Rs 20,00,000 crore to Rs 50,00,000 crore)over the next decade. The profit potential estimated for the same period was a stupendous $183 billion to $667 billion. The study also indicated that in emerging markets, impact investments could fetch annual returns of 8-11% for debt investments and 20-24% for equity i...