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CII 11th Mutual Fund Summit 2015
 
 
Description

The Indian Mutual Fund Industry over a period of a decade has crossed Rs. 12 lakh crores of Asset under Management (AuM) out of which more than 30% of these AUMs are from equity schemes. In the year 2014-15 the net inflows of equity AUMs have crossed Rs. 71,000 crores from total inflows. Mr U K Sinha, Chairman, Securities and Exchange Board of India (SEBI) acknowledged that the Indian Mutual Fund industry has helped in countering the volatility caused by the investments pattern of Foreign Portfolio Investors and brought the macroeconomic stability to Indian markets while speaking at the 11th edition of CII Mutual Fund Summit held at Mumbai on 30 June, 2015. He further stated that the Governments decision of allowing the Employees Provident Fund (EPFO) to invest in the Mutual Fund schemes is a great achievement.  

Mr Sinha mentioned that while the industry is at the peak of optimism it should think of medium to long-term measures for the sustainable growth of the industry. The industry should now focus on how equitably they are serving the requirements of the customers. In the last 3 years the measures like reduction in transaction charges, introduction of consolidated account statements, availability of mutual fund units in demat form, fungibility of total expense ratio, encouraging voting by asset managers to protect interest of minority share holders, addition disclosure of distributors, tax clarity on offshore funds, recent announcement in the budget over tax clarity for scheme mergers and many more.     

Consumer protection is one of the prime focus areas of SEBI and cost to investor will be important aspect of future course of action. The Finance Ministry has also set-up a Financial Stability Development Council to take into account the cost structures, added Mr Sinha. He also shared the concern over the quality of investor education programme carried out by the industry and expressed that AMFI will take the cognizance of the situation. SEBI is also awaiting the judicial verdict on the SRO, further to which it will move forward.  

Mr Leo Puri, Chairman – CII Mutual Fund Summit 2015 and Managing Director, UTI Asset Management Co. Ltd. stated that acceleration of innovation by investment managers will be critical driver for growth, as firms work to cut through the complexity of distribution channels and product development. It is necessary for the industry to focus on targeted sales, product differentiation, response to regulatory events and operational innovation to efficiently and quickly gain competitive advantage.    

“With rapidly changing customer expectations and other industries raising their bar on services mutual fund industry needs to focus on customers by using the growing prevalence of social media and increasing adoption of direct investment route. There is also a growing need of improving market penetration specially to drive distribution in B-15 markets for which banks could seen as partners for mutual fund sales with their branch networks”, added Mr Puri.   

Indian asset management industry has also grown at 20 per cent CAGR in the last four years, mentioned Mr Peeyush Dalmia, Partner, McKinsey & Company while speaking at CII Mutual Fund Summit. He also mentioned that the spilt up of AuM suggest that close to 72% of the investments comes from top 5 cities and from the remaining, close to 14% comes from the next 10 cities. Significant difference in retail flows of large, medium and small companies are been witnessed in terms market penetration. Private equity investments, ETFs, portfolio management services and REITs can be sighted as alternative market to grow further. To attract investors and providing better services industry can look at shifting customers to digital channels, creating awareness among investors, managing sentiment expressed by investors on social media and fostering collaboration between R&Ts and AMCs. 

Knowledge Resources
You will get access to following Knowledge Resources by subscribing to the Digital Library of this event.
 
Indian Mutual Fund Industry helps bring in Macroeconomic Stability to Indian Markets
Welcome remarks by Mr. Leo Puri, MD, UTI Asset Management Co. Ltd. at the inaugural session of the “11th edition of Mutual Fund Summit 2015”
Industry overview by Mr. Sundeep Sikka, President & CEO, Reliance Capital Asset Management Ltd., at the inaugural session of the “11th edition of Mutual Fund Summit 2015”
Release of the CII-McKinsey Report ‘Indian Mutual Fund Industry: Opportunities and Optimism-Riding the Wave’ at the inaugural session of the “11th edition of Mutual Fund Summit 2015”
Mr. U K Sinha, Chairman, (SEBI), addressing at the inaugural session of the “11th edition of Mutual Fund Summit 2015”
Concluding remarks by Mr. Leo Puri, MD, UTI Asset Management Co. Ltd. at the inaugural session of the “11th edition of Mutual Fund Summit 2015”
Ms. Mini Menon, Editor, Bloomberg TV India, addressing at the session on ‘New Growth Opportunities-Products and Markets’
Panel discussion on ‘New Growth Opportunities-Products and Markets’
Welcome remarks by Mr. S Naganath, President & Chief Investment Officer, DSP BlackRock Investment Managers Pvt. Ltd. at the session on ‘Global Trends and Implications for the Indian Markets’
Mr. Paul Schott Stevens, President & CEO, ICI, addressing at the session on ‘Global Trends and Implications for the Indian Markets’
An open house discussion on ‘Global Trends and Implications for the Indian Markets’
Ms. Suparna Biswas, Associate Partner, McKinsey & Company, addressing at the session on ‘Customer Service-Innovation & Technology, the Next Level’
Panel discussion on ‘Customer Service-Innovation & Technology, the Next Level’
An open house discussion on ‘Customer Service-Innovation & Technology, the Next Level’
Mr. Renny Thomas, Director, McKinsey & Company, addressing at the session on ‘Financial Deepening-Improving Market Penetration’
Panel discussion on ‘Financial Deepening-Improving Market Penetration’
An open house discussion on ‘Financial Deepening-Improving Market Penetration’
Concluding remarks by Mr. Leo Puri, MD, UTI Asset Management Co. Ltd., at the session on ‘Financial Deepening-Improving Market Penetration’
 
Charges to access Event
 
Participant TypeAmount (in Rs)
Member
2000
NonMember
3000