Confidence and trust of retail investors is really high: NS Venkatesh

economictimes.indiatimes.com:

«The small cap funds are showing good traction in the sense that around Rs 5000 crore worth of money has come into the small cap funds that is essentially due to the fact that the small caps had done a steep correction during the correction phase,» says NS Venkatesh, Chief Executive, AMFI.Your SIP numbers are above that 14000 crore levels for the last two months and at near record high levels as well. How is the investor confidence looking like? And when do we expect to touch the 15000 crore mark?Essentially, we believe that the SIP numbers are really good.

The confidence and trust of the retail investor is really high. They have continued to participate in the mutual fund through the SIP route.

So that is where you are seeing for the last two months around 14700 odd crores of money coming in through the SIP route. Having said that, I would say that maybe August-September time period, we should see the 15000 mark getting breached.Okay watching out for that 15000 mark, but the question is also with respect to the kind of excitement that we are seeing around the small cap funds. Is that something which has got you a bit worried, your view as to how you are viewing these flows into the small cap category? The small cap funds are showing good traction in the sense that around Rs 5000 crore worth of money has come into the small cap funds that is essentially due to the fact that the small caps had done a steep correction during the correction phase.

So the investors now believe that with the market having a good momentum, the small caps are bound to go up in a faster pace. So they want to participate in that story.