Cannot rule out a 10-12% correction in the market, says Dinesh Pangtey of LIC Mutual Fund

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Life Insurance Corporation, the parent company of LIC Mutual Fund, has received the nod for a public offer. This big news might also impact the mutual fund arm in many ways. We spoke to Dinesh Pangtey, CEO, LIC Mutual Fund, to understand the broader market as well as how the IPO might change things for the fund house. Edited interview. The biggest news in the market right now is the cabinet’s nod to LIC’s public offer. How do you see it from