News From Press MFs barely out of teens, can grow 10-fold in 5 years: Anil Ambani

MFs barely out of teens, can grow 10-fold in 5 years: Anil Ambani

Source: ET Jul 1, 2017

Urging regulator Sebi to simplify investment and advertisement norms for mutual funds, business leader Anil Ambani today said investing in them should be as easy as buying smartphones on Internet.

He said only one in 25 Indians invests in these products at present, but the investor base can be expanded 10-fold to 60 crore in five years.

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