Mon, Dec 24, 2012 at 14:35
The Indian mutual fund industry is primarily debt-oriented with debt funds forming 64% of the AuM. Low penetration and lack of awareness is hurting the industry. There are just over 3,800 mutual fund folios per lakh of population in India as against over 50,000 savings bank accounts and over 26,500 life insurance policies.
Market regulator SEBI recently announced wide-ranging reforms to provide incentives to fund houses for expanding to small cities, but these may lead to increased costs for investors.
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