We are witnessing a major turning point in the Indian history that is marked with significant regulatory breakthroughs that are significantly redefining the way BFSI domain operates in the country. Recent months bear testimony to the undeniable fact that mutual funds are on the rise as a prime destination for Indian investors, with special emphasis on growing participation from the B15 cities.
It is at such a significant juncture that the Confederation of Indian Industry (CII) organized CII Mutual Fund Roundtable 2016 on Tuesday, 20 December 2016 at Mumbai. The event saw the coming together of industry veterans, thought leaders and prominent officeholders from across BFSI sector.
Conceived to address significant topics for the asset management industry, the event saw CAMS CEO and President, Mr. NK Prasad, speaking on the many possibilities that lie ahead for investments in mutual funds.
Elaborating on how the mutual fund industry has evolved over the years to arrive at where it stands now and on the many innovations that have emerged with the advent of smart digitalisation techniques. Mr. Prasad explained the current trends that are driving the industry that is thriving at this point. He also projected future possibilities and opportunities that will play a significant role in taking retail investor participation to a higher level.
The bigger picture
It is evident that investors from small towns are now sensitized to the importance and benefits of Wealth Management. They constantly seek constructive avenues to deploy their money usually through the likes of retirement plans or plans for their children’s education. With growing awareness on Mutual funds and how the schemes offer products to meet the diverse needs of the meticulously careful Indian savers, participation from B15 investors are expected to go up in the Mutual fund space.
It is noteworthy that CAMS as a pioneer in several paper-based and digital initiatives that support participation of investors in mutual funds, have also served to facilitate and encourage mutual fund investments from the B15 cities.
Computer Age Management Services (CAMS) is India’s premier Mutual Fund Transfer Agency serving over 62% of assets of the industry across 16 Mutual Funds. Leveraging superior technology, CAMS brings several innovative services to Mutual Fund investors and distributors. CAMS is also a service partner to leading Insurance Companies, Banks, NBFCs and Alternate Investment Funds. To know more visit http://www.camsonline.com