The mutual fund market in India is warming up with recent additions of new players, such as Mukesh Ambani s Jio Financial Services, Nithin Kamath s Zerodha AMC, and Samir Arora s Helios Capital.
The biggest concern for the market currently is emerging from the very high inflation in US economy which is forcing US to significantly hike rates, says Samir Arora, founder of Singapore-based fund Helios Capital. He expects FPI selling to abate in the coming 3-6 months.
India’s stock market may post “moderate returns” of 10-15% this year even amid global equity rout on tightening of rates in the U.S., escalating geopolitical tensions in Ukraine and valuations of new-age companies, according to Samir Arora.