Yes I have heard u say that before as well. Looks like its that phase where most stocks have clicked in last 6 months and seems like its going to be so for a while. The stock pickers are now wizards and are smiling. Stock experts seem to be becoming hot property.
Everybody is a market wizard in bull market.But when the tide turns, people investing in sub 20 stocks will lose their capital and the fund manager will run away. Every bull market breeds such great fund managers and his ignorant clients who won't know what these companies do and how they perform.
As on 2014-15, there were approx 2.4 crore demat accounts in CDSL and NSDL combined. Now if we account for the multiple demat for same person ( or in the name of families ) unique account holders would be far less. So we have a long way to go as far as equity penetration is concerned.. the only silver lining, as you rightly said , is the MF segments,,but there also major chunk is for the debt markets ...
pass hone wala ha...agar nahi pass hoga to market girega ...see world market today... all are down...our market is moving between up and down....great deal of resilience is being shown