With improved investment climate because of recent government reform majors and rate cut hopes by the Reserve Bank, fund managers believe the market to be up by 15-20 per cent after one year, according to a recent survey.
"They expect the market (BSE Sensex) to be up in a range of 15-20 per cent at the end of one year," according to the 'Fund Managers Survey' conducted by ICICI Securities.
The Fund Managers Survey, conducted on a quarterly basis, covered 12 domestic fund managers from the mutual fund industry.
With the recent reform announcement by the government, the outlook in the near term has improved significantly with 58 per cent of the fund managers bullish as compared to just 8
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