Recognising the critical role that financial advisors play in the wealth preservation process and the par of sound advice UTI Mutual Fund and CNBC-TV18 celebrates the effort of financial advisors across the country.
While 2016 has been a year of uncertainties, 2017 will bring realignment to the world. Even with foreign investors withdrawing from India, domestic investors have not dried up yet, said Leo Puri, MD of UTI Asset Management.
Reacting to the market‘s rally on Tuesday, Leo Puri, MD of UTI Asset management said that the government‘s decision to stick to the fiscal deficit target has provided confidence and net flows have been positive from retail investors.
Leo Puri also said that FIIs have been the main drivers so far but it is good to see that domestic investors including HNIs and retail investors have been participating.
Leo Puri, the MD of UTI Asset Management says "It is a clear vote of confidence in the outlook and the medium to long-term outlook for the asset management industry. A Japanese interest in India at the moment, I would say is a sign perhaps for many Indian entrepreneurs who set up these companies."
The market regulator is wielding an unprecedented level of control over how mutual funds operate, delaying new launches and dictating investment strategy, frustrated insiders in the embattled industry say.
IT services major Infosys today said one of its independent directors Leo Puri will step down from the board of directors following his appointment as the Managing Director of UTI Asset Management.
Anoop Bhaskar keeps a close eye on the used car market. “It is a fairly good indicator of the liquidity in the system,” says the head-equities at UTI Asset Management. For now, that market is showing that there is ample liquidity, even as interest rates have been rising for some time now.