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Corporate earnings may be lacklustre for the remaining quarter of FY16 as well, according to an equity outlook report by mutual fund manager Mirae Asset. The report said that the central bank’s lending rate cuts haven’t reflected in earnings yet while deflationary effects have pushed the earnings numbers down.
In the debt market as well, yields are expected to fall. The report added that “low inflation and benign inflation outlook, falling fiscal deficit and low current account deficit are all supportive of lower yields.”
Speaking to journalists here, Jisang Yoo, CEO, Mirae Asset Global Investments (India), said that on the business front, mutual funds could expect higher redemption pressures from investors this year. “We’re trying to widen our customer base to support us, and also increase the number of institutional distributors for our funds this year.”
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