Despite the recent volatility and sharp slump in the equity markets, domestic fund houses have not witnessed any kind of redemption pressure from small investors.
While there has been a dip in fresh inflows during the last two months, according to industry sources, fund houses maintained that they are yet to experience any redemption pressure with some fund managers aggressively pushing large cap equity schemes.
“After the massive corrections on the domestic bourses, large cap stocks are now available at attractive valuations as compared to small and mid cap stocks.
This is a time when investors could actually relook and revisit their portfolio by adding some quality large cap stocks. We are now pushing two of our large cap equity sche-mes. As far as our fund house is concerned, we haven’t seen any major change in fund flows from retail investors as many of them are investing with a long-term perspective” said Dinesh Khara, managing director and chief executive officer (CEO), SBI MF.
