Sun F&C Asset Management (I), is the Indian joint venture of the world's first mutual fund company Foreign & Colonial with Sun Securities. In India, Sun F&C has two domestic funds. In July 1997, it offered its first scheme, the equity-focused, Sun F&C Value Fund. This fund has given returns of 50.40 per cent since inception. An open-ended fixed income fund, Sun F&C Money Value Fund followed in November 1998. This fund offers a liquid and bond option. The liquid option has returned 12.91 per cent since inception while the bond option has given a return of 9.46 per cent. Sameer spoke to Gul Teckchandani, chief investment officer, Sun F&C Asset Management to get his views on the various issues in the market.
Q: What are your views on the market?
A: If you take a long term view of this market, anywhere from 18 months to 24 months, or even a short term view of six months, I believe that the market is going northwards. On the back of improved economic environment, a perceived stable political scenario coupled with high domestic liquidity and healthy world markets, money can flow into India from domestic and international investors. All these things will keep the markets high.