The event featured valuable contributions from a full-time member of SEBI, Amarjeet Singh, joined by CEOs of leading mutual fund houses and the first Indian chess grandmaster, Viswanathan Anand, in a special talk “Chequemate”, where he emphasised his financial journey and the similar approaches to chess and investment.
Amarjeet Singh’s keynote address highlighted the pressing need for new asset classes and innovative listings. He underlined that this would boost industry growth and meet the demand of a new class of investors in Indian markets.
He added that investment funds could play a crucial role in improving corporate governance standards within listed companies, ultimately contributing to a more robust financial ecosystem. The summit also discussed the potential of micro-SIPs (Systematic Investment Plans) in the growth of investment funds. Experts also commented that while this has the potential to increase investor inflows, it is critical to design a well-thought-out strategy to ensure its effective integration into the existing framework.
Discussions also focused on the importance of an advice-based approach for mutual fund distributors (MFDs) and registered investment advisors (RIAs). As investor interests have diversified, a focus on the risks associated with the portfolio, rather than just on returns, should be considered to help investors achieve their goals.
The Moneycontrol Mutual Fund Summit also hosted Indian chess grandmaster Viswanathan Anand, who along with his wife has been investing in various products including mutual funds for the last 25 years, for a fireside chat. He mentioned that the way chess and finance are studied is very similar and one needs to be calculative and take risks.
The summit provided a comprehensive overview of the current trends and future directions of mutual funds and SIPs in India, keeping in mind the interests of investors and the role of MFDs and RIAs. It focused on the importance of innovation, regulatory adaptation and strategic growth to empower investors and improve Bharat’s financial landscape.
Tune in to CNBC-TV18 and catch all the important discussion points from this summit on September 7 at 4 pm
Presenting Partner: ICICI Prudential Mutual Fund, Co-Presenting Partner: Motilal Oswal Mutual Fund, Knowledge Partner Kfintech and Event Partners: HSBC Mutual Fund DSP Mutual Fund.
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