India’s mutual fund (MF) sector had a stellar performance in expanding its equity investor base in 2015-16, at the fastest such pace since the late 2008 Lehman crisis.
Though the underlying asset class, the stock markets, didn't do well (the benchmark indices fell 10 per cent over the year), there was a daily addition of 11,840 new equity folios.
Experts say retail (small) investors have grown mature over the years and get less worried when markets do not do well. Further, they say, a majority of investors feel confident about India's development story.
Sundeep Sikka, chief executive officer (CEO) of Reliance MF, adds: “The concerted effort by sectoral players on investor awareness programmes over the years has started yielding results. Investors are much more mature on market volatility. The commendable fact of last year was strong participation from smaller cities and towns in MFs. However, the sector is only scratching the surface.”
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