There's urgency to improve credit assessment: Mirae Asset's Swarup Mohanty

Indian markets have faced a perfect storm over the last few months, driven by a slew of global and domestic factors, says CEO of Mirae Asset Management

Valuations have moderated and provide fa avorable risk-reward for long-term investors, says Swarup Mohanty, CEO, Mirae Asset Management. In an interview with Ashley Coutinho, Mohanty says liquidity in the bond markets, earnings trend over the next few quarters and political news flow in run-up to state and central government elections will be factors to watch out for. Edited excerpts: 

Mutual funds have seen sizeable inflows this year, buoyed by systematic investment plans of over Rs 50-70 billion every month. What changes do you foresee for the industry as it grows in size?

We are seeing a distinct change in