Krishna Sanghavi, CIO-Equity at Mahindra Manulife, expects some growth pickup in H2FY25 compared to H1FY25. He believes the market is in a consolidation phase post a significant rally. While FII selling has impacted the market, the underlying fundamentals remain strong. SIP flows are expected to continue growing, driven by India’s economic growth and investor discipline. A Santa Claus rally is possible, but the long-term outlook depends on factors like GDP growth, macro conditions, and corporate earnings.
9 equity mutual fund categories saw over 20% surge in AUM in 2024
The AUM of sectoral and thematic funds went up by 74% in 2024 from Rs 2.71 lakh crore in January to Rs 4.72 lakh crore