The Indian mutual fund (MF) industry has grown exponentially in the past five years, but one misstep can take it 10 years backwards, says U K Sinha, former chairman of the Securities and Exchange Board of India (Sebi).
While delivering his speech as chief guest at the Business Standard Fund Cafe 2019, Sinha said the Rs 24-trillion MF industry needed to win the trust of the ordinary person on the street and adapt to the changing landscapes, particularly on the technology front.
SIP inflows continue to show upward trend in July, garnering total assets worth Rs 8,324 crore, shows Amfi data. The total monthly collection through SIPs in June was Rs 8,122 crore. Mutual funds collected Rs 7,554 crore through SIPs in July last year. Amfi data, however, reveals a marginal dip in SIP AUM for the month of July.
SIP AUM has fallen from Rs 2.81 lakh crore in June to Rs 2.69 lakh crore in July. The Amfi chief blamed the mark to market valuations for the dip in SIP AUM. “Mo ..
