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Debt mutual funds outperformed fixed deposits, emphasizing the importance of considering risk profile and investment goals. The strategy involves focusing on short-term funds and excluding target maturity funds.
The only concern is if the Monsoons again get delayed, it raises question over the Kharif output.
Equity mutual funds experienced a 16% decrease in March inflows, totaling Rs 22,633.15 crore. Sectoral/thematic funds led with Rs 7,917.72 crore inflows, while smallcap funds faced outflows of Rs 94.17 crore.
Except for small caps, both the categories, midcap and large cap, received net inflows in March. Flexicap funds stood third with Rs 2,738.11 crore inflows in March.
“Our valuations are undoubtedly above average but our profit-to-GDP ratio is also more than above average. It is not that there is a big bubble but the road definitely is downward sloping,” Shah says. Excerpts: