Moneycontrol’s Mutual Fund Summit 2024 concluded on a positive note with key discussions revolving around the SIP’s and its recently observed trends of growth due to inflow of a large number of first-time investors. In this ground breaking summit, with the theme "Empowering Bharat through SIPs," key figures from the financial sector gathered to discuss the future of mutual funds investments and SIPs in India.
The event featured insightful contributions from a whole-time member of SEBI, Mr. Amarjeet Singh, accompanied by CEOs from major mutual funds houses and the first Indian chess grandmaster, Viswanathan Anand, in a special chat “Chequemate” where he emphasized his financial journey and the similar approaches of chess and investment.
The Keynote address by Mr. Amarjeet Singh, highlighted the pressing need for new asset classes and innovative listings. He emphasized that this would drive the industry growth and cater to demand of new investor class in Indian markets.
He added that mutual funds could play a crucial role in improving corporate governance standards within listed companies, ultimately contributing to a more robust financial ecosystem.
The summit also saw discussions on the potential of micro-SIPs (Systematic Investment Plans) in mutual fund growth. Experts also commented that while this has the potential to increase the influx of investors, it is paramount to chalk out a well-thought-out strategy to ensure their effective integration into the existing framework.
The discussions also focused on the importance of advisory based approach for MFD (Mutual Fund Distributors) and RIAs (Registered Investment Advisors). As the interests of investors have diversified, focus on risks associated with the portfolio should be considered, instead of just returns to help the investors achieve their goals.
Moneycontrol Mutual Fund summit also hosted Indian Chess Grandmaster Viswanathan Anand, in a Fireside chat who along with his better half has been investing in various products including Mutual Funds for the past 25 years. He mentioned that the way chess and finance are studied are very similar and one has to be both calculative and risk taking.
The summit provided a comprehensive overview of the current trends and future directions for mutual funds and SIPs in India keeping investor interests and MFD’s & RIA’s role in check. It focused on the importance of innovation, regulatory adaptation, and strategic growth for empowering investors and enhancing the financial landscape of Bharat.
Tune in to CNBC-TV18 and catch all the important points of discussion of this summit on 7th September, 4 PM.
Presenting partner: ICICI Prudential Mutual Fund, Co-presenting partner: Motilal Oswal Mutual Fund, Knowledge Partner Kfintech and Event partners HSBC Mutual Fund DSP Mutual Fund.
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