Despite the bullish trend in the equity market on hopes of economic turnaround, about 87 equity schemes with assets under management (AUM) of ₹2.43 lakh crore are lagging behind their respective benchmark indices. The equity funds that are trailing behind their benchmarks account for 35 per cent of the total equity AUM of the mutual fund industry at ₹7 lakh crore as of October. The small- and mid-cap stocks have hogged the limelight for all the wrong reasons with 34 schemes still behind the benchmarks. Vinit Sambre, Senior Vice-President & Fund Manager, DSP BlackRock Mutual Fund, who manages about ₹11,000 crore of AUM in small-, mid- and micro-cap schemes, shares his view with BusinessLine on the prospects of this sector. Excerpts:
75 years to reach per capita income of $2730, will take only 5 years to add another $2000, FM Sitharaman
Read More