"The mutual fund industry is attracting more retail investors and it has become more relevant for Indians," says Milind Barve, Managing Director, HDFC Asset Management Company.
He also said an online financial planning tool will be helpful for investors to plan their savings.
"More number of retail investors are investing in mutual funds now. Of the total savings by Indians, around 16-17 per cent are in asset class that can be touched and felt -- gold, real estate ..
