Fund flows in December may have slowed but 2017 flows overall have been at record levels that is flows coming from retail investors to mutual funds. In an interview to CNBC-TV18, Sailesh Raj Bhan, Deputy CIO-Equity Investment at Reliance Mutual Fund shared his views and readings on this extraordinary trend of 2017 and will the same continue in 2018 and how the year will shape up.
Bhan said we are seeing flow of money shifting to diversified and balanced funds.
He further said that equity seems far more attractive versus other asset classes currently.
According to him, industry has witnessed an average fund flow of Rs 20,000 crore.
Talking about specific sectors, he said we see enough large spaces that are rationally valued.
Rural space can be a good support to overall economy, he added.
He also mentioned that a lot of the issues with regards to US Food and Drug Administration (US FDA) are getting behind pharmaceutical companies.
Price erosion in US pharma market is behind us, Bhan added.
Watch accompanying video for more details.
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