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Budget 2011 not a direction setter for mkt: Madhu Kela

Madhu Kela, Chief Investment Strategist, Reliance Capital Ltd says foreign investment in equity mutual funds is a positive call for the market. 'We will have to see details of FII investment into MFs,' he says. He also expects to see funds flowing into mutual funds in the coming 12-36 months.

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Madhu Kela, Chief Investment Strategist, Reliance Capital Ltd in an interview on CNBC-TV18 gave his views on how he read the budget presented by finance minister Pranab Mukherjee for financial year 2011-12.

He says foreign investment in equity mutual funds is a positive call for the market.

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first published: Feb 28, 2011 01:52 pm

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