S Naren, CIO, ICICI Prudential has expressed his free and frank opinion on the net redemption from Mutual Funds and his perspective on the effect on Indian markets is as appended below:
The January figures are out and there has been net redemption of about Rs 400 crore in equity mutual funds. Even in February so far we have not seen any net inflows. Of course we could have people investing, but on net basis we have seen outflows although small, so that has been the situation since January. But investors have been behaving in a disciplined manner in India all the way from 2008. Whenever the market corrected they have invested and when the market rallied significantly they have redeemed, so they are making money in equity markets which is very good for the longterm.
Check out the mutual fund resolutions to make wise investments and do remember to check out best mutual funds to get the best deal. Also bookmark us for best stock tips and trade with our sure tip of the day.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
