Domestic investors have become meaningful participants in the Indian equity market, said Chandresh Nigam, chief executive officer, Axia Mutual Fund. In an interview with Ashley Coutinho, he said generating alpha would be a bit more difficult unless investor processes gather pace. Edited excerpts:
The total size of the mutual fund (MF) industry is at Rs 22 trillion, with equity assets of over Rs 8 trillion. What changes do you foresee as the industry grows in size.
The large size will fundamentally alter many things. To highlight a few, domestic investors are now meaningful compared to foreign investors in the equity market and company managements have started recognising that.
