The mutual fund industry is likely to be a beneficiary of the demonetisation of Rs 500 and Rs 1,000 notes as the funds thus unlocked may find way to their schemes, said a top official of PPFAS Mutual Fund.
"In the long-term, demonetisation will help the mutual fund industry. The banks will reduce their fixed deposit interest rates further. So people will start looking at mutual funds to park their surplus funds to earn inflation beating returns," Neil Parag Parikh, Chief Executiv ..
