Talking to ET Now, Nilesh Shah, Kotak AMC , says there was a time when Sensex going to 10,000 was a big thing. Today no one cares about 10,000.
Edited excerpts:
What should be the target number this year?
When we look at the past, 30,000 looks great, when we look at the potential, even 30 million will look less.
We would not get 30 million tomorrow.
Of course we would not get that but essentially SIP Day is not for actually collecting AUM it is more for spreading knowledge. We want to ensure that every single Indian is an investor in the equity market, every single Indian becomes partners with the Tatas and the Birlas and the Ambani’s. Every single Indian who has today invested in say 5% fixed deposit or 7%, gold moves into the equity bandwagon in a rightful manner.
