The mutual fund industry is witnessing an unprecedented pace of growth with total assets under management increasing sixfold to Rs20 trillion in a matter of 10 years. Given the market scope, there is an exciting buzz in the industry about the future. Last week at the Cafemutual Confluence 2017, the question of accelerating incremental growth was addressed by some of the industry’s chief executive officers (CEOs). Cafemutual.com caters to mutual fund industry stakeholders with information about the industry. A panel of six CEOs gave radical ideas on how to add investors at an even faster pace.
The industry currently has several stakeholders: asset managers, distributors, advisers, investors and the regulator. Although the objective should largely be around asset managers providing suitable choices and investors seeking performance, there are smaller debates which crop up. Some of the ideas talked about in the conference were an attempt to iron out such debates to enable faster growth.
