Retail investors have started appreciating long-term track record of mutual funds: Sundeep Sikka

Sundeep Sikka, President & CEO of Reliance Capital Asset Management, says the psyche of Indian mutual fund investor has undergone a change. In an interview with ET Now, he says investors today don't keep looking at what is happening to her investment in six months or one year, but they have started appreciating how the wealth gets created over a longer period. Excerpts:- 

ET Now: Sundeep, maybe retail investors are actually fuelling that bit of optimism giving mutal fund houses, such as yours, the wherewithal to support the market as well. I believe it is an important day. It is the 20th year for you guys as well. How is the flow situation looking like currently? What is the difference that you are seeing and how do you think the next few months of this financial year would look like? 
Sundeep Sikka: That is right. We have just completed our 20th year. The good thing is the weekly analysis that you talked about, which is  happening in the stock market. Investors have stopped doing that. Retail investors have started appreciating the long-term track record. As we complete 20 years of our two flagship funds -- Reliance Growth Fund and Vision Fund -- these were the funds that were launched way back in 1995, if you had invested Rs 1 lakh in 1995, today that is almost Rs 80 lakh.

Click here to read more>>