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'All investors should have both asset classes in their portfolio'- Killol Pandya, Daiwa Asset Management (India)

| 11/29/2012 9:00 PM Thursday

Killol Pandya, Head – Fixed Income, Daiwa Asset Management (India) tells Saikat Mitra about his investment philosophy and about debt fund management. With regard to the current macroeconomic situation in the country, he feels that there is a clear need to rationalise government expenditure and curb non-productive demand, while boosting government income by pushing through revenue generating proposals.
Says - 
Killol Pandya
Head – Fixed Income,
Daiwa Asset Management (India)

With respect to the Indian markets and Indian investors, how challenging do you find the fund management industry?

As such, the mutual fund industry in India has a long history but has picked up only in the last decade or so in terms of participants and volumes. After 2008, there has been a shift in the working environment of the mutual funds. The industry has evolved into a platform fit for serious and long-term players only.

Having said that, it is incorrect to say that the industry is overcrowded. The penetration of MFs beyond the metros is still very poor, and only a fraction of investors in India include MFs in their investment options. I believe that there is abundant scope for expansion in geographies beyond the metros and the inclusion of potential investors in the long run.

In the context of competition, the industry environment is quite competitive.

 

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