Want to invest in Mutual Funds but don’t know how to go about it? Get all your MF related queries answered by our expert, Manoj Nagpal of Outlook Asia Capital.
Nagpal says, “Our sense on flows coming into mutual funds is that June is definitely a slow month, so fresh investments that should have been happening have been around 20 percent lower … May was a very good month, so on a very good month a 10-20 percent slowdown is not so big.”
He further adds, “One of the good things is that most of the investments that are coming are coming with a five year horizon or more. So, it is not that people are coming with a short-term appetite … secondly, in spite of the markets been flat for quite some time now, the redemptions are there. So again that speaks about better investor behaviour at this point of time. So all this thing put together is very positive for the mutual fund industry.”