Moneycontrol
Nov 28, 2017 11:57 AM IST | Source: CNBC-TV18

ETF business will see strong growth 3-5 years down the line: ICICI Pru

ICICI Prudential is cautioning investors as the market is expensive. “We ask people to be careful because it is not 2013 market. It is slightly expensive market so people need to be conscious,” Nimesh Shah, MD and CEO of ICICI Prudential said.

CNBC TV18 @moneycontrolcom

The Bharat 22 ETF has listed on the exchanges at a 3 percent premium. In an interview with CNBC-TV18, Nimesh Shah, MD and CEO of ICICI Prudential shared his readings and views on the same.

According to him the ETF business will be a strong business three-five years down the line.

ICICI Prudential is cautioning investors as the market is expensive. “We ask people to be careful because it is not 2013 market. It is slightly expensive market so people need to be conscious,” he said.

People have forgotten that there is risk in the equity markets and investing as if there is no risk in the equity markets. So we need to remind them continuously that there is a risk and as the market go expensive, the risk will increase, he added.

For full interview, watch accompanying video...
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