This was the fifth consecutive yearly rise in the industry AUM, after a drop in the assets base for two preceding years
FPIs have infused close to Rs 50,000 crore this year after putting in over Rs 20,500 crore last year and nearly Rs 18,000 crore in 2015
The Rs 23-lakh crore mutual fund (MF) sector seems likely to continue with high trajectory growth in 2018. However, investors are also being cautioned by fund managers to reduce their expectation on returns to about the mid-teens, against the 30-plus per cent the year 2017 offered.According to some top fund managers, the market in 2018 would be more volatile. The possibility of knee-jerk reactions is present. The caution comes on the back of macro economic challenges, both domestic and global, which could upset the market during the course of next year.Sunil Singhania, global head of equities at Reliance Capital, says: "2018 will be challenging as far as macro factors are concerned. In a scenario of rising interest rates globally and the possibility of a pause in rate cuts in India, I believe the markets will be more volatile in nature. Investors should rationalise their expectations to mid-teen kind of returns."It is worth highlighting that corporate earnings over the past three ...