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BS Fund Manager: Credit events unlikely to halt industry's growth story

Seven top executives discuss the road ahead for the fund industry, how they plan to restore investor confidence and woo millennials

Reliance Nippon Life AMC Executive Director & Chief Executive (CEO) Sundeep Sikka, SBI MF Managing Director (MD) & CEO Ashwani Bhatia, ICICI Prudential MF MD & CEO Nimesh Shah, Business Standard Consulting Editor Tamal Bandyopadhyay, HDFC
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Reliance Nippon Life AMC Executive Director & Chief Executive (CEO) Sundeep Sikka, SBI MF Managing Director (MD) & CEO Ashwani Bhatia, ICICI Prudential MF MD & CEO Nimesh Shah, Business Standard Consulting Editor Tamal Bandyopadhyay, HDFC MF MD Milin

Business Standard
Why are investors disillusioned with mutual funds?
Milind Barve: The biggest challenge is that the coverage of mutual fund (MF) industry is focused so much on what has happened last week, last month, last two quarters, it seems there is little coverage about what this industry has delivered in five, eight and 10-years or longer. If you look at the Rs 25-trillion industry, about Rs 10 trillion roughly is in equity funds and Rs 15 trillion is in debt. The so-called stressed exposure in the industry is no more than Rs 15,000-18,000 crore. But, the decibel level of conversation around these

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First Published: Sep 30 2019 | 10:56 AM IST

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