For investors, managers hold the key | business | Hindustan Times
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For investors, managers hold the key

After L&T Finance's acquisition of Fidelity's India fund business, experts advise a wait-and-watch policy for retail investors. Investors need to watch out for returns from schemes thay are invested in, said experts. HT reports.

business Updated: Mar 27, 2012 22:31 IST
HT Correspondent

After L&T Finance's acquisition of Fidelity's India fund business, experts advise a wait-and-watch policy for retail investors. Investors need to watch out for returns from schemes thay are invested in, said experts.

The good thing about the deal is the "continuity of the management", which means that the top management and fund managers will remain the same after the deal.

"The good aspect of the deal is that the management will remain the same after the deal which is good for retail investors," said Dhirendra Kumar, chief executive officer, Value Research. "If fund managers remain same then investors can expect to get the same kind of returns in future because a fund manager is the most important factor in terms of generating returns."

If fund managers for Fidelity schemes are changed in the future then retail investors need to be watchful about the returns and if the returns are below than earlier, then they should opt for best-performing schemes of other asset management companies.