''The MF Industry Has Adjusted Well To The New Normal ''
As an AMC you have been there for over a year now and presently you have a total of nine mutual fund schemes. So, what are the new schemes that we can expect in the year 2021?
We now have five equity schemes (including arbitrage fund), one balanced advantage scheme, and three debt schemes. In the next six months, we are planning to launch an ultra-short duration fund on the debit side and a mid-cap fund on the equity side. We may also look to launch a value fund as we find the ‘value’ stocks quite attractive from a risk-reward perspective over the next three to five years.
The pandemic has hit almost all the business landscapes. How has it impacted the mutual fund industry in general and your fund house in particular?
The MF industry has adjusted well to the ‘new normal’ post-pandemic. The high level of digitalization across activities, be it investments, sales, customer service helped us cope with the pandemic impact quite well. However, the pandemic and related lockdowns affected the momentum in business that we had achieved in our first year of operations. With restrictions getting relaxed across most parts of the country now, we are looking to rebuild the business momentum and growth.
We have seen a divergence wherein FIIs continue to buy whereas DIIs are selling in the last couple of months. What is the reason behind such divergence?
Esta historia es de la edición January 04, 2021 de Dalal Street Investment Journal.
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Esta historia es de la edición January 04, 2021 de Dalal Street Investment Journal.
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