BS Fund Cafe: 'No fund industry has as bright a future as India's'

Top mutual fund CEOs say that the industry should focus on garnering more retail money across both equity and debt assets, and aim for scale as expenses for investors will come down because of competition and put pressure on margins 

The mutual fund (MF) industry has come a long way since 1993. How will you attract money going forward?

Nimesh Shah: The backbone of any industry, especially financial services, is how it is regulated. And the regulations, right from 2009, have made MFs very clean products. Currently, around Rs23 trillion is being managed by the industry, and it is