Debasish Purohit, head equity capital markets at Bank of America Merrill Lynch says this year has been the toughest capital market for him in the past decade. As the markets mature globally, investors are preferring ETF over mutual funds. In an interview with Abhineet Kumar, he talks about how the investment horizons are shrinking and what it means for the markets.
Says those who gain from financial markets must make fair contribution to nation-building via taxes