Despite the high valuations, opportunities exist in equities across large-,mid-and small-caps, says Rajesh Iyer, MD & CEO of DHFL Pramerica Asset Managers. In an interview with Ashley Coutinho, he adds that markets may witness volatility in the next 6-12 months and investors should stick to quality businesses. Edited excerpts:
What changes do you foresee for the mutual fund industry as it grows in scale?
Manufacturers will have to invest substantially to enhance servicing capabilities and devise ways to handhold investors through market volatilities. As the industry matures, manufacturers will have to become more solution-oriented rather than product focussed. Reach and simplicity of solutions will be critical as contribution from mass affluent and retail segments outpace others. On the retail side,