BS Fund Cafe: Regulation, distribution to drive growth, says MF houses CEOs

The role of skilled talent in technology-driven times still attracts attention, according to the fund houses

The importance of regulation in driving the now-soaring growth of mutual funds (MF), and in deciding how the sector’s potential plays out, came into focus during a panel discussion of top executives at the Business Standard Fund Café 2018, on Wednesday. 

Nimesh Shah, managing director and chief executive officer (MD & CEO) of ICICI Prudential Asset Management Company, said regulatory effort had resulted in a highly transparent product. 

“The backbone of any industry, especially in financial services, is how is it regulated…80 per cent of the sales today happen through existing customers. They had a healthy experience, they are coming again,” he