Market volatility now stems from domestic as well as global events, and the fund management industry has to navigate through these currents. Panellists from the fund management industry who attended Mint’s annual mutual fund conclave on 20 July in Mumbai, said that not only are they well placed to ride the volatility, but that retail confidence in the instrument will continue.
The speakers in the chief executive panel discussion, whose topic was ‘New age challenges to an old business’, were Leo Puri, managing director, UTI Asset Management Co. Pvt. Ltd; Nilesh Shah, managing director, Kotak Mahindra Asset Management Co. Ltd; Nimesh Shah, managing director and chief executive officer, ICICI Prudential Asset Management Co. Ltd; Sundeep Sikka, executive director and chief executive officer, Reliance Nippon Life Asset Management Ltd; and Swarup Mohanty, chief executive officer, Mirae Asset Global Investments (India) Pvt. Ltd. The moderator was Ira Dugal, deputy managing editor, Mint.
