Mutual Fund industry's asset base grows by Rs 1 lakh crore in 2013

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'I am very positive and confident that 2014 would be a very good year for the mutual fund industry' (Thinkstock) 'I am very positive and confident that 2014 would be a very good year for the mutual fund industry' (Thinkstock)
Summary'I am very positive and confident that 2014 would be a very good year for the mutual fund industry'

and Dynamic funds."

"Having said that, it could be a good year for equities as by the end of 2014 we would have a government that has been newly formed and the US taper could have become stale news (or 'digested' in market parlance)," he added.

Going forward, Sebi could adopt a more stricter approach towards 'non-serious' asset managers. An advisory committee formed to review the net worth requirement for Asset Management Companies has suggested an upward revision in the minimum networth required for an AMC, Mehra said.

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