A series of conversations and panel discussions were held on the challenges and opportunities before the Indian mutual fund industry as it aspires to go from Rs 40 trillion to Rs 100 trillion over the next five years.
At the Moneycontrol Mutual Fund Summit held on October 11, industry leaders dwelt on plans to scale the mutual fund industry to 20 crore unique investors from the current four crore. (Image: Moneycontrol)
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The keynote address was delivered by Ananth Narayan G, Whole-Time Member, SEBI. He said, "Retail investor AUM has grown 3 times since March 2020."
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"Acquiring a smaller investor involves a cost and we don't have enough remuneration to meet the costs. We are in discussion with the regulators about this", said D P Singh of SBI Mutual Fund. (Image: Moneycontrol)
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"I believe the industry has enough products now. If we didn't do a single NFO for the next 10 years, we would do the industry a lot of good. We have overnight products, we have every sectoral fund. We should be focused on how people use these products as solutions," said Radhika Gupta, CEO at Edelweiss AMC. (Image: Moneycontrol)
"AMFI thinks that the industry needs to have an ethical committee," said A Balasubramanian, MD & CEO at ABSL Mutual Fund. (Image: Moneycontrol)
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"Despite market rally, there are still neglected territories. Trading in an attractive zone are mining, media, government, pharma. There are enough opportunities in the market if we are willing to look. Sector rotation will generate alpha." said Sandeep Tandon of Quant Mutual Fund. (Image: Moneycontrol)
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"Till I was 23, I had a huge debt. From 23-43 years I made my money and invested 50 percent in real estate. Because I had to perform on the field. Stock rise or fall could have affected my back hand at tennis," said former Tennis player Leander Paes. (Image: Moneycontrol)
![The keynote address was delivered by Ananth Narayan G, Whole-Time Member, SEBI. He said, "Retail investor AUM has grown 3 times since March 2020."](https://images.moneycontrol.com/static-mcnews/2023/10/MF-Summit4.jpg "The keynote address was delivered by Ananth Narayan G, Whole-Time Member, SEBI. He said, "Retail investor AUM has grown 3 times since March 2020."")
!["Acquiring a smaller investor involves a cost and we don't have enough remuneration to meet the costs. We are in discussion with the regulators about this", said D P Singh of SBI Mutual Fund. (Image: Moneycontrol)](https://images.moneycontrol.com/static-mcnews/2023/10/MF.jpg ""Acquiring a smaller investor involves a cost and we don't have enough remuneration to meet the costs. We are in discussion with the regulators about this", said D P Singh of SBI Mutual Fund. (Image: Moneycontrol)")
!["I believe the industry has enough products now. If we didn't do a single NFO for the next 10 years, we would do the industry a lot of good. We have overnight products, we have every sectoral fund. We should be focussed on how people use these products as solutions," said Radhika Gupta, CEO at Edelweiss AMC. (Image: Moneycontrol)](https://images.moneycontrol.com/static-mcnews/2023/10/MF-Summit6.jpg ""I believe the industry has enough products now. If we didn't do a single NFO for the next 10 years, we would do the industry a lot of good. We have overnight products, we have every sectoral fund. We should be focussed on how people use these products as solutions," said Radhika Gupta, CEO at Edelweiss AMC. (Image: Moneycontrol)")
!["AMFI thinks that the industry needs to have an ethical committee," said A Balasubramanian, MD & CEO at ABSL Mutual Fund. (Image: Moneycontrol)](https://images.moneycontrol.com/static-mcnews/2023/10/MF-Summit5.jpg ""AMFI thinks that the industry needs to have an ethical committee," said A Balasubramanian, MD & CEO at ABSL Mutual Fund. (Image: Moneycontrol)")
!["Despite market rally, there are still neglected territories. Trading in an attractive zone are mining, media, government, pharma. There are enough opportunities in the market if we are willing to look. Sector rotation will generate alpha." said Sandeep Tandon of Quant Mutual Fund.](https://images.moneycontrol.com/static-mcnews/2023/10/MF-summit1.jpg ""Despite market rally, there are still neglected territories. Trading in an attractive zone are mining, media, government, pharma. There are enough opportunities in the market if we are willing to look. Sector rotation will generate alpha." said Sandeep Tandon of Quant Mutual Fund.")
!["Till I was 23, I had a huge debt. From 23-43 years I made my money and invested 50 percent in real estate. Because I had to perform on the field. Stock rise or fall could have affected my back hand at tennis," said former Tennis player Leander Paes. (Image: Moneycontrol)](https://images.moneycontrol.com/static-mcnews/2023/10/MF-Summit8.jpg ""Till I was 23, I had a huge debt. From 23-43 years I made my money and invested 50 percent in real estate. Because I had to perform on the field. Stock rise or fall could have affected my back hand at tennis," said former Tennis player Leander Paes. (Image: Moneycontrol)")
