FPIs’ participation in IPOs has reduced as MFs have got bigger: Khaitan

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Sunil Khaitan, India head, global capital markets, Bank of America Merrill Lynch, shares his view on the outlook and trends on the primary market with Samie Modak. Edited excerpts: The primary market this year has been good but not as good as last year.What’s the reason? For the last two years, the Vix index, a global measure of market volatility, was at an all-time low, something that is never seen for such a prolonged period. Now, with the US Fed raising rates, the Vix has been rising. We are seeing a market where generating returns is not as easy as it used to be over …
Source: Business Standard