How to allocate resources in these market conditions? Feroze Azeez answers

Feroze Azeez, Deputy CEO, Anand Rathi Wealth Limited, says, choosing a mutual fund on the basis of what are the probabilities of beating Nifty is the best mechanism..

If you look at the Indian total household savings, it is about Rs 720 lakh crore, give or take, in Indian households as savings. Today, we are speaking of little over Rs 50 lakh in mutual funds put together..

Point two, what I am trying to get to is even 25,000 per month will happen, and Rs 50,000 crore a month will also happen, because the total context in which these numbers are to be seen is the entire household savings of India, point one...

AMFI and SEBI have done a brilliant job in educating Indian investors with a small little budget from the existing investors which is 0.02%, which runs into hundreds of crores every financial year, and that is resulted in the right confidence, because this is the most transparent platform for retail investor, and so the confidence is rightly there...

So liquidity, both on the domestic and the foreign institutional side seems robust because the domestic guys are putting money out of education and foreigners are putting on the probability of the continuance of the government...

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