No threat to mutual funds from direct stock investing: Industry chiefs

The bull run over the past year has fuelled a surge in interest in direct stock investing, especially among the millennials

The Business Standard BFSI Insight Summit held in November saw some of the top mutual fund honchos come together for an evening of engaging discussion on some of the relevant issues facing the industry. The first panel discussion got together six industry chiefs for a session on “Who Needs Mutual Funds?” The topic has gained prominence given that several new investors in the past year have chosen to invest directly into equities rather than go through the mutual fund route. The industry chiefs, however, cautioned that the new investors that had entered the market in the past year had seen