Savings Not Polished Into Capital Markets: Prashant Jain
  • Elizabeth George
  • Sep 30 2013

September 30: “Indian ownership of Indian equity has gone down while foreign holdings have risen to 20%,” HDFC Mutual Funds’ Prashant Jain says, stressing on a need to educate the Indian investor. The MF redemptions are at record highs, which suggest that markets will perform as retail investors never invest during low PEs. “It’s psychological; every time the Sensex goes above 20,000, we see redemptions,” he says, but adds that he does not see any new retail money right now.