Retail participation in mutual funds still below global average, says G Pradeepkumar of Union AMC

Large cap stocks are not cheap anymore, but are not in a bubble zone either. And their valuation may continue to rise further on growing inflows from overseas investors, believes G Pradeepkumar, CEO of Union Asset Management Company (AMC). In an interview with MintGenie, he also shares the sectors that are likely to do well in the near future. He also highlighted that greater participation of retail investors in mutual funds is a positive trend, although there is still a long way to go with mutual fund penetration hovering around five percent only.

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