It is a good that over the last couple of months Indians have invested about ₹10,000 crore a month in mutual funds, particularly equity-linked funds. But we need to develop the markets more, including “increasing insurance investments in equity markets,” he said at the KS Narayanan Oration 2017, to mark the birth anniversary of the founder of the Sanmar Group.
At the event in which Parekh interacted with Shekhar Gupta, Chairman and Editor-in-Chief, ThePrint, he said the domestic equity market has been dominated by foreign investments and over the last one year the market has taken a hit as inflows have been slow. Other markets have appreciated well, including Brasil’s which is up 40 per cent.
