Unlocking India's Economic Potential: Insights from the Bombay Chamber Mutual Fund Conclave

The Bombay Chamber hosted its annual Mutual Fund Conclave, focusing on India's growth driven by domestic mutual fund investments. Industry leaders discussed regulatory changes, emphasized investor trust, and highlighted the need for increased financial literacy among young investors. The conclave also covered wealth creation through AIFs and PMS.

At the St Regis Hotel in Mumbai, the Bombay Chamber recently held its annual Mutual Fund Conclave with the theme 'India's growth funded by Indians'. Pinky Mehta, President of Bombay Chamber, highlighted the 40.70% surge in the mutual fund industry's Assets Under Management over the past year.

Nilesh Shah, of Kotak Mahindra AMC, emphasized the industry's unique role in sustaining economic freedom through a synergy of stakeholders, highlighting concerns over the current allocation of household savings. Calling for initiatives like Jan Nivesh, he urged a strategic push for broader financial inclusion and preparedness.

Manoj Kumar of SEBI discussed regulatory initiatives, such as MF Lite, aimed at simplifying compliance for mutual funds. Industry insights on investor reach and wealth creation through AIFs and PMS were shared in engaging panel discussions, underscoring the growth and challenges facing the mutual fund landscape.

(With inputs from agencies.)