The queue for mutual fund (MF) licences has thinned down due to quick clearances by the Securities and Exchange Board of India (Sebi) alongside applications being withdrawn amid regulatory changes.
There were, at the end of September, only two pending MF applications: By AngelOne and Unifi Capital. By comparison, there were 11 applications lying before the market regulator at the start of calendar year 2023.
Sensibull CEO Abid Hassan sparked a debate with a post about his acquaintance who made a fortune by selling his tech startup, spent his money on expensive cars and travelling the world, but could not find fulfilment in any of it.
“The lack of ability of the smaller participants to be able to raise capital at reasonable rates will push more money towards the larger NBFCs and to some of the banks as well. So while I say this, nobody knows what will happen. If worldwide there is a crisis, then most of this analysis can kind of go for a toss.”
“Probably shoes are better than real estate; but to be fair, there is visibility in the shoes and consumer demand sector and there are a lot more brands. In real estate, in the near term, we will see a lot more. We will see a lot of activity and the way the accounting goes, the results for real estate companies will probably be good for next year.”
“We are going to see this transition happen over three-four years. They will both take parallel tracks. We are very gung-ho on manufacturing, not yet so gung-ho on energy transition as a play, but definitely energy is a good part of our holdings and they will interplay with each other very well in the next decade at least.”