“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.
The mutual fund industry has for long been galvanising Indians to invest in its products with the tagline ‘Mutual Funds Sahi Hai’. It seems to have worked, with over 40 lakh individuals registering with mutual funds during the year ended March.