Vinay M. Tonse, MD and CEO at SBI Mutual Fund, is a veteran SBI banker. He was posted as CEO of SBI’s Osaka branch in Japan from 2009 to 2013. In previous assignments with the bank, he oversaw treasury, focusing on equities and mutual funds, giving him a chance to evaluate mutual funds from an investor’s point of view. He then managed large corporate relationships for SBI. His last posting was in Chennai in retail banking before taking over the helm of SBI Mutual Fund in August 2020. Tonse spoke to Mint about his views on the mutual fund industry and the path ahead for SBI Mutual Fund. Edited excerpts:
Interest rates have been reduced throughout the past years to stimulate the economy, but this has hurt savers and the retired folk. Do mutual funds offer any alternatives?
