Prudent’s Sanjay Shah on what latest AMFI circular means for mutual fund distributors

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Key Points

Sanjay Shah, CMD, Prudent Corporate Advisory, says: If I have 30% of the small and midcap book in my SIP, the same must be the number for industry..

The latest AMFI circular which is expected to spur competition between the mutual fund distributors..

Sanjay Shah: At Prudent, since October 2023, we have been telling people to move their money towards the balanced advantage category, multi-asset allocation category and the largecaps...

In last two months, in the lump sum category, I have collected 10% in the mid and smallcap, while almost 50% money in Prudent came into dynamic asset allocations, and the large and large and midcap categories...

However, the problem lies in the SIP book because currently the SIP book which we have about Rs 700 crore; almost 30% of money in the SIP book is coming from mid and smallcap categories and probably that is something which is going to continuously come to the industry..

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