Ramnath warned against the trend of HNIs making direct investments, circumventing fund managers, which has been on the uptick since the COVID-19 pandemic
The ace fund manager was reacting on 'X' to a Business Standard story that quotes a Reserve Bank of India (RBI) data on gross FDI flows into the country in FY24
However, the total disclosed deal value for M&A declined much steeper at 38 per cent during the year, according to the report titled 'Deals at a glance'
Private equity (PE) and venture capital (VC) investments witnessed a decline during the first half of this year, driven by a slowdown in e-commerce, early-stage investments and a lack of big deals, says an EY report.