Fixed income, SIPs driving bulk of growth: IDFC MF

IDFC Mutual Funds asset under management are up 32% to close to Rs 28,000 crore. As the market has been trading flat, diversified funds have been the best performer and according to Naval Bir Kumar, MD and CEO of IDFC MF, "If the market remains flat over the next 12 months, the focus will remain outside the index stocks"

July 15, 2011 / 17:39 IST

IDFC Mutual Funds asset under management are up 32% to close to Rs 28,000 crore. As the market has been trading flat, diversified funds have been the best performer and according to Naval Bir Kumar, MD and CEO of IDFC MF, "If the market remains flat over the next 12 months, the focus will remain outside the index stocks"

He sees opportunities coming from outside the index stocks.

first published: Jul 15, 2011 02:24 pm

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