SIPs in equity mutual funds have on an average grown more than 100 per cent in last 22 months.
This sector has been sailing fast and steady for nearly nine years now.
Despite correction, market experts believe it is difficult to predict the bottom of the market.
Dalal Street as well as other financial players will keenly watch the policy outcome.
Market experts do not expect any rally in midcaps and smallcaps like the one seen in calendar 2017.
The company has been seeing a steady drop in net profit in last four consecutive quarters.
ELSS is considered ideal to save taxes up to Rs 1.5 lakh under Section 80C of the Income-Tax Act.
“The regulator is not choosing to differentiate between different size and business models.”
India is home to some 45 crore millennials, a good 35 per cent of its entire population.
The whole area of financial information is going to change dramatically, Bally said.
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