Mumbai 07 Sept 2023 : Quantum AMC recently held
the ‘Path to Partnership’ event in Mumbai to share insights on how Mutual Fund
Distributors can thrive in the dynamic mutual fund industry and serve
the interests of the investors.
Mr. I.V. Subramaniam, Managing Director & Group Head -Equities, Quantum
Advisors and Mr. Chirag Mehta, Chief Investment Officer were the keynote
speakers of the event which saw participation of around 100 MFDs.
The event emphasized how financial inclusion
has seen growth propelled by Government initiatives such as Jan Dhan Yojana,
which has been successful in bringing millions of unbanked and underbanked individuals
into the formal banking sector. Likewise, Equity mutual funds as a percentage
of Household financial services have seen growth of 14% in 2021-22 as per data
from RBI. Much of this can be attributed to the positive sentiment driven by
the bull run in the Equity markets.
The speakers highlighted that though equity
markets can go through fluctuations in the short run, over a longer duration, one
will be able to assess return expectations. The speakers presented how historically,
India has exhibited close to 6-6.5% real GDP growth and is expected to continue
its growth trajectory in the long run. Much
of the market rally is backed by FII flows that have made a comeback in CY 2023
and are near their peak moving above Rs.15000 crores.
The speakers observed that though India’s
valuations have been at a premium compared to emerging markets, it has been
backed by robust earnings growth. Relatively low input costs have led to a rise
in corporate earnings. The cyclical economic uptick has lifted growth rates of
sectors certain sectors such as automobiles. Quantum MF believes that corporate
profitability is likely to remain strong over the next few years as the economic
upcycle continues.
Some of the additional points discussed were
that in the financial year 2022-23, the government's capex increased by 33% to
₹10 trillion. The private sector capex is also expected to grow in the coming
years, driven by factors such as rising capacity utilization and availability
of cheap credit. The real estate sector is a major driver of economic growth in
India and its revival will support aggregate household income in India.
The event was concluded by a Q&A session
pertaining to the market expectations, AUM of Quantum Mutual Fund, details
about Quantum products such as Liquid, Value and ESG Mutual Funds, revised
commission structure and many more.
Disclaimer,
Statutory Details & Risk Factors:
The views
expressed here in this article / video are for general information and reading
purpose only and do not constitute any guidelines and recommendations on any
course of action to be followed by the reader. Quantum AMC / Quantum Mutual
Fund is not guaranteeing / offering / communicating any indicative yield on
investments made in the scheme(s). The views are not meant to serve as a
professional guide / investment advice / intended to be an offer or
solicitation for the purchase or sale of any financial product or instrument or
mutual fund units for the reader. The article has been prepared on the basis of
publicly available information, internally developed data and other sources
believed to be reliable. Whilst no action has been solicited based upon the
information provided herein, due care has been taken to ensure that the facts
are accurate and views given are fair and reasonable as on date. Readers of
this article should rely on information/data arising out of their own
investigations and advised to seek independent professional advice and arrive
at an informed decision before making any investments.
Mutual fund
investments are subject to market risks read all scheme related documents
carefully.
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