The mutual fund industry is undergoing many changes. Some of these are regulatory while others stem from market volatility. This dynamic scenario has left many advisors concerned about their business. Cognisant of these concerns, Karnataka Association of Mutual Fund Advisors commonly known as KAMFA decided to make ‘Challenges ' the theme of this year's event. The event will address the key challenges faced by the advisory community and share insights on how to overcome them.
To shortlist the topics for the sessions, the KAMFA team talked with multiple advisors to understand their pain points. The aim was to address topics relevant to majority of their members. The agenda for the day includes a healthy mix of market related topics such ‘Why should one still invest in small and midcap?’ as well as business related topics like ‘Coming to terms with regulatory overdrive’ and ‘The power of retail.’
Speaking to Cafemutual, Neelesh Shah - President KAMFA, said, “Challenge is a multi-layered word. In a negative sense, it refers to the umpteen challenges faced by the advisory community. However, taken positively, it urges advisors to take the current changes as a challenge and rise above it".
Neelesh feels that the distribution business is at a cusp of tremendous growth and advisors should not be disheartened by any negative news flows. Instead, they should realize the long-term opportunity in the business and modify their strategy accordingly.
The event is restricted to KAMFA members only. However, few industry officials and their event partners will be attending it too. Overall, they expect an audience of 700+ of which around 600 will be KAMFA members.
