The Securities and Exchange Board’s Whole Time Member G Mahalingam today cautioned the 43-player MF industry that the gush of inflows in the AMC industry can reverse and industry needs to be prepared for the worst.
"We need to keep in our minds that huge amount of gushing liquidity is keeping us afloat and once this liquidity gets withdrawn we need to see how industry behaves when the flows come down,” Mahalingam said.
He was addressing at the 12th edition of CII Mutual Fund Summit held in Mumbai today.
The theme of this year’s summit was ‘Growth in Indian Asset Management Industry- Is there a New Normal?’
