‘Index Is Just A Data Point’

One of the oldest financial groups with a legacy of over 150 years, Dharamdas Samaldas Purbhoodas (DSP), stands strong even today. DSP group’s mutual fund (MF) arm DSP Investment Managers is one of the top-rated fund houses in the country. Its business is presided over by young and energetic Kalpen Parekh, who manages funds worth more than Rs 1.15 lakh crore. Parekh shared his views on various issues related to the mutual fund industry, economy and stock markets with Yagnesh Kansara in a freewheeling interview. Excerpts from the interview: There is a visible disconnect between the market and the economy. Why do you think this has happened? Moreover, how the stock market is going up despite the disconnect? Markets always look ahead, whether they are heading upwards or downwards. Generally, they look to the future over the next 2-3 years and how the economy would look like. India...