Mutual fund investors, who were looking to buy the dip as the stock market crashed on Tuesday amid election results, were disappointed as a "technical glitch" delayed execution and they were allotted NAVs the next day. Here is how mutual fund managers decoded RBI monetary policy for investors.
Deepak Agrawal, CIO – Debt, Kotak Mutual Fund- RBI needs more confidence to ensure that elephants will stay in the forest for a long period and hence In line with expectation, RBI decided to keep rates and stance unchanged for the 8th consecutive time, however, with a 4:2 vote. GDP forecast has been revised upward to 7.2%.
