It is an irony that November witnessed all time high SIP number and also saw net negative net sales for equity and hybrid put together. Anand Vardarajan, business head, Banking, Alternate Products & Product Strategy, Tata Asset Management in an interview to Saikat Neogi says, those who are just about at par on their investments would have exited their investments in November at the first sign of some profit. Edited excerpts:
Net equity inflows in mutual fund in November crashed to Rs. 1,312 crore, the lowest since June 2016. Why did this happen?
Markets moved sharply in November. Foreign flows have been strong in the last three months and November was by far the best for the year with net inflows of $3.2 billion in Indian equities. However, domestic investors have been in risk off mode. It’s the classic trapped elevator syndrome! If one needs to go to a higher floor and for some reason the elevator faces some glitch, people would usually get off the elevator in any floor the doors open.
