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

Deal-making this year has become more challenging with increasing market volatility

Samie Modak 

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 ...

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First Published: Sun, August 12 2018. 17:27 IST