12th edition of Mutual Fund Summit held

Mumbai, Dec 13: Confederation of Indian Industry (CII) organised 12th edition of Mutual Fund Summit, CII’s Flagship International Summit, on Tuesday at a hotel a Andheri (East) here on Tuesday. 

In his opening remarks, Leo Puri, Chairman – CII 12th Mutual Fund Summit and Managing Director, UTI Asset Management Co Ltd, pointed out that while it was definitely a good position for the Indian Asset management industry to be in and an apt time to take stock of the scenario and prepare for further growth - it was also prudent for the industry to prepare for future challenges.
A report on the theme of the 12 th edition of the Mutual Fund Summit, “Growth in Indian Asset Management industry – is there a new normal?” by CII and McKinsey and Company Inc, was released at the hands of Chief Guest G Mahalingam, Whole Time Member, Securities and Exchange Board of India (SEBI). This report also had the benefit of articles from the Industry experts like Aditya Agarwal of MorningStar, V Ganesh of Karvy Computershare and Monika Halan, Consulting Editor at Mint.
In his address, Mr Mahalingam pointed out the need to view growth in India’s Mutual Fund industry from the perspective of global regulatory trends. He pointed out that in the present ‘positive’ scenario, there was a need to factor in aspects which could impact future growth, adding that reduced liquidity could impact inflows into mutual funds. UNI