UTI Mutual Fund on Monday said mutual funds industry may see some kind of slowdown and added that investors are doing a rethink on Systematic Investment Plans (SIP).
In an interview to CNBC-TV18, Lalit Nambiar, executive vice president and fund manager - Equity, said, "If you look at it from a macro perspective, globally you are having a liquidity crunch. The dollar is strengthening and the rates are rising and that is not good for emerging markets and India is one among them."
Nambiar said India has an added problem of crude oil dependency and that has been rising, "We were waiting for a flash point and that has happened. Now, we have probably started going the other extreme, we are seeing panic set in and perhaps opportunities coming up from a three to five year perspective."
According to Nambiar, sectors that have already seen correction prior to the fall are looking interesting, "For pharmaceutical, some of the risk is little bit in the price. A few other sectors, which have not done so well in the last 6-8 months prior to this fall, to some extent that dichotomy between growth and value, a lot of that has got corrected and there is quite a bit of opportunity out there."
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