Welcoming initiatives that could enhance the growth of the mutual fund industry while safeguarding investors' interest at the same time, Himanshu Mehta, MD and CEO, BNP Paribas Wealth Management, says he believes SEBI's decision to divide mutual funds into 5 broad categories is a positive move from a long-term perspective.
In an interview with Moneycontrol's Hiral Thanawala, Mehta talks about opportunities in the market, assets he thinks are safe and much more. Following are edited excerpts of the interaction...
Q: Where do you see the market heading? Which events do you think are most likely to disrupt India’s growth?
A: Globally, we are entering into a phase of tightening monetary policy that could have a negative impact on the emerging markets.
