The mutual fund industry is in a sweet spot, with record inflows into equity mutual funds every month. It is sitting pretty with growing inflows through systematic investment plans (SIPs), which signals rising interest among retail investors.
Yet, the mutual fund investor base is just four crore, which does not compare favourably with, say, the number of fixed deposit (FD) holders (as per Reserve Bank of India (RBI) data, the FD account base is at 24 crore) or individual life insurance policies of around 33 crore. There are challenges around the perception that the industry faces, and a panel of top mutual fund CEOs got together at the Moneycontrol Mutual Fund Summit to address the vital issues.
