Volatility Ahead? Fund Managers Assess SIPs, IPOs, Valuations at Moneycontrol Summit

• SIP flows (Rs 25-30k cr/month) are a key market pillar but vulnerable to sentiment shifts and redemptions, especially from younger investors.
• IPO supply remains high (Rs 2 lakh cr), with 70% of recent IPOs trading below issue price and most proceeds going to private equity.
• Market valuations are elevated, limiting broad value opportunities, though some sectors like tech, financials, NBFCs show promise.
• Fund managers prefer secondary markets over IPOs for long-term investing due to better data, history, and evaluation comfort.
• Market breadth is weakening despite stable headline indices, making diversified portfolio construction challenging.

Why It Matters: Fund managers highlight market risks from vulnerable SIPs, high IPO supply, and elevated valuations.