FIIs have had a positive experience investing in India and there s no reason to believe inflows will not continue following the election results on June 4th, say TRUST Mutual Fund s Sandeep Bagla and Aakash Manghani.
Fixed income in the worlds most populous country is in demand ahead of its addition into JPMorgans emerging markets debt gauge in late June. The accession is expected to attract tens of billions of dollars of inflows into a market historically shielded from foreigners.
Trust MF Flexi Cap Fund was open for subscription from April 5 to April 20. The total assets collected during the NFO period reflect strong interest and participation from investors and distributors, said the press release by the fund house.
So, it does not matter to me whether the company has had a profitability track record for the last two-three years or not, provided I have a visibility for the future.
The objective of the scheme is to provide long-term growth in capital and income to investors by actively managing investments in a diversified portfolio of equity and equity-related securities across the entire market capitalization spectrum.