Generating Alpha Depends On Right Sectors, Right Stocks
Elections and market upheaval are almost always intertwined. Therefore, the outcome of the upcoming polls could impact markets but only for the short term, as it will not affect India's long-term structural reforms or growth agenda, A. Balasubramanian, CEO of Aditya Birla Sun Life AMC, says in a conversation with Money Today's Renu Yadav. Edited excerpts:
- Mar 5, 2019,
- Updated Mar 27, 2019 12:49 PM IST
The industry should continue to grow this year along with sustained inflows. As of now, the dominant share of flows into MFs are coming through SIPs. Moving ahead, asset allocation will be key to MF success and the industry will evolve around it. Also, there is a huge untapped potential. According to the RBI, nearly `69 lakh crore is lying in fixed deposits across banks. We have the scope to promote conservative fixed-income products to these investors as these generate not only reasonably better returns but also provide tax benefits. This could help increase the industry AUM and bring on board a significant number of new customers.
@renuyadav08
The industry should continue to grow this year along with sustained inflows. As of now, the dominant share of flows into MFs are coming through SIPs. Moving ahead, asset allocation will be key to MF success and the industry will evolve around it. Also, there is a huge untapped potential. According to the RBI, nearly `69 lakh crore is lying in fixed deposits across banks. We have the scope to promote conservative fixed-income products to these investors as these generate not only reasonably better returns but also provide tax benefits. This could help increase the industry AUM and bring on board a significant number of new customers.
@renuyadav08