"Another thing which also might happen and which normally happens is that when there is a sharp run up in the market and then especially in the mid and the small cap segment one finds that the valuation for these kinds of companies has gone too high and in that case the fund manager would not want to be forced to invest at these kinds of high valuations, so a way in which they would want to restrict this kind of choice is by ensuring that new inflows are restricted through the lump sum," says Arnav Pandya, Founder, Moneyeduschool.
Markets not cheap, expect slightly lower returns over the medium term: DSP MF's Vice President
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