. Continued interest in equity funds backed by the SIP flows will result in reasonable flows. We also expect and recommend that investors consider multi asset funds as well, as a good mix of equity, fixed income and gold could be the best investment option for a cross section of individual investors.
“We are telling people not to fall in love with categories based too much on what is being discussed, what is past returns; probably a better thing to do is look at flexi-cap, multi-cap, stay diversified, use systematic investment plans, use systematic investing through transfer plans,” says Anthony Heredia, CEO, Mahindra Manulife AMC & AMFI VC.
Equity mutual funds garnered ₹14,091 crore in September as against ₹20,245 crore in August, according to data from Association of Mutual Funds of India (AMFI).
"What has worked for us has been the consistency of what we have delivered across multiple years. In addition, we have varied styles working within the broad investment philosophy which has ensured that each fund is managed in a manner that is most appropriate to the objective of the specific category," says Anthony Heredia, MD & CEO of Mahindra Manulife Mutual Fund
Association of Mutual Funds in India (AMFI) Tuesday said Navneet Munot, MD and CEO of HDFC Asset Management, has been elected as the chairman of the industry body. He was elected to this position in a board meeting following 28th AGM held in September