While investment research firm Morningstar believes that the big positive for the Indian mutual fund industry is the new investors, it also believes that installing a true investor mindset is a challenge, said global chief executive Kunal Kapoor said in a joint interview with Aditya Agarwal, managing director of Morningstar’s India unit on the sidelines of Morningstar Investor Conference in Mumbai. Agarwal thinks fund managers can do more on the due diligence front, while selecting stocks. Edited excerpts: