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See FY16 earnings growth at 17-18%: Birla Sun Life AMC

Betting big on manufacturing, Birla Sun Life AMC has launched a new manufacturing equity fund. The NFO closed on January 27.

The month has been pretty stellar with lot of positive news coming in like RBI rate cut and stimulus from ECB, said Mahesh Patil, Co-Chief Investment Officer, Birla Sun Life AMC, adding that liquidity will be key driver for markets going ahead.

Patil feels that from longer-term perspective India looks pretty good. “Globally too India is the only economy, which probably will grow – a large economy where the outlook is going to improve in the next 2-3 years,” he said.

He sees earnings growth of 17-18 percent in FY16. “We are in a scenario where the outlook in the earnings growth would be better in the next three years than what we saw in the last 7 years,” he added.

Betting big on manufacturing, Birla Sun Life AMC has launched a new manufacturing equity fund. The NFO closed on January 27.

Q A mutual fund NAV:

  • Is a constant
  • Goes up at a steady rate
  • Changes with market price
  • Cant go down at all

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