Market regulator Securities and Exchange Board of India (Sebi) has said a mutual fund house can have only one scheme per category. The move will impact many fund houses, particularly the larger ones operating as many as a dozen schemes in some categories. Anthony Serhan, managing director (research strategy), Morningstar Asia-Pacific, calls the new rule harsh. In an interview with Samie Modak, Australia-based Serhan, an expert on investment themes and trends, says the Indian mutual fund industry has a lot of potential to grow.
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Indian equity mutual funds are getting over $3 billion every month. Do you think that is sustainable?
