Fourteen CEOs of mutual funds. In one room. All dressed in the sharpest pin stripes --- blue-grey and nothing else. But the heads of companies that manage thousands of crores of rupees are all hanging as if there will be no tomorrow. And, if the rather late reaction to Securities and Exchange Board of India’s (Sebi) circular of April 27, 2007 is any indication, they actually believe that there isn’t any tomorrow for an industry that has just crossed the $100-billion mark. They’re probably right in the short term and definitely wrong in the long term.
Opinion in The Indian Express, July 07, 2007