MF industry will grow at 20% CAGR for the next five years: Amfi CEO

In a Q&A, N S Venkatesh says there are enough inefficiencies in the market right now, which will help fund managers generate alpha over the index

There are enough inefficiencies in the market right now, which will provide fund managers the opportunity to generate alpha over the index, says N S Venkatesh, chief executive officer, Association of Mutual Funds in India (Amfi). In an interview with Ashley Coutinho, he says credit risk funds can be managed with an open ended structure provided the risks are clearly communicated to investors. Edited excerpts:

The past six months have seen outflows from equity oriented schemes. Do you expect the trend to continue?

The markets have been making new highs and mutual fund returns are positive after a long time.