Mutual funds rue missing out on market Rally
2 years, 4 months ago

Mutual funds rue missing out on market Rally

Deccan Chronicle  

Mumbai: Mutual funds coming out with new fund offerings are ruing the missed opportunity to invest when the market corrected. Sundaram Mutual Fund, which has laun-ched its Flexi Cap Fund, on Tuesday, regrets being late in the market, but nurses a hope that the current rally that started with the return of foreign investors will have a long run. “The market was down in mid-July when we started the road shows and has rallied thereafter, but we hope the beast will be under control in next two weeks when fund deployment starts,” said Sunil Subramaniam, managing director, Sundaram Mutual. The fund deployment cannot be delayed after the NFO ends on August 30, beyond one to two months, and we will deploy the money collected, said Ravi Gopalakrishnan, chief investment officer.

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