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    Assignment No.1 Financial Services Growth of Mutual Fund Industry

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    Siddhanth Waghmare
    This document discusses the growth of the mutual fund industry in India. It notes that assets under management in India have reached 10 trillion INR as of May 2014. It analyzes challenges for asset managers, benefits of increased digital services, and discusses the path forward. The path forward includes expanding financial literacy, increasing awareness campaigns, incorporating mutual funds into education, finding the right distributors for smaller cities, incentivizing distributors, and using technology to reach more investors easily and efficiently.

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    Assignment No.1 Financial Services Growth of Mutual Fund Industry

    Uploaded by

    Siddhanth Waghmare
    50 views4 pages
    This document discusses the growth of the mutual fund industry in India. It notes that assets under management in India have reached 10 trillion INR as of May 2014. It analyzes challenges for asset managers, benefits of increased digital services, and discusses the path forward. The path forward includes expanding financial literacy, increasing awareness campaigns, incorporating mutual funds into education, finding the right distributors for smaller cities, incentivizing distributors, and using technology to reach more investors easily and efficiently.

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    Financial Services

    Original Title

    322322 - FS Assignment 1

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    This document discusses the growth of the mutual fund industry in India. It notes that assets under management in India have reached 10 trillion INR as of May 2014. It analyzes challenges for asset managers, benefits of increased digital services, and discusses the path forward. The path forward includes expanding financial literacy, increasing awareness campaigns, incorporating mutual funds into education, finding the right distributors for smaller cities, incentivizing distributors, and using technology to reach more investors easily and efficiently.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    50 views4 pages

    Assignment No.1 Financial Services Growth of Mutual Fund Industry

    Uploaded by

    Siddhanth Waghmare
    This document discusses the growth of the mutual fund industry in India. It notes that assets under management in India have reached 10 trillion INR as of May 2014. It analyzes challenges for asset managers, benefits of increased digital services, and discusses the path forward. The path forward includes expanding financial literacy, increasing awareness campaigns, incorporating mutual funds into education, finding the right distributors for smaller cities, incentivizing distributors, and using technology to reach more investors easily and efficiently.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    Assignment No.

    1
    Financial Services
    Growth of Mutual Fund Industry.

    Siddhanth Waghmare
    322322

    Introduction
    This assignment talks about the Mutual Fund Industry & the upcoming trends
    in this industry worldwide.
    This industry in India has been spread for over 2 decades and has seen its
    share of success & failure. Also it is commendable that we have reached a mark of
    10 trillion INR of asset under management as of May, 2014. This has been possible
    due to the collaboration of the industry stake holders viz. the distributors, the asset
    management company & also the regulator who has shaped the way forward for the
    industry.

    Analysis

    Challenges for the asset managers -

    Benefits to Mutual Funds from increased use of


    Digital Services
    -

    Number of mobile phone subscribers is increasing faster in circles


    covering the smaller cities.
    Yet to tap into the widespread banking network for the distribution of
    mutual funds.
    Most population beyond the T15 cities suffer from documentary proof.
    They can just fill up the KYC form & once this is done the process will
    becomes even simpler, as a KYC registered person can easily start
    investing in mutual funds.
    AMCs can utilize the mobile channel facilities in order to sell simpler
    products in smaller towns.
    Develop mobile application based sales system.
    Provide SMS investment & redemption options.

    The Way Forward


    The Mutual asset industry needs an 'outside-in' context as looked at to 'back
    to front' viewpoint. Understanding financial specialists " needs ought to be taken
    after by an item channel arrangement. Various change impetuses talked about in
    the past segment like innovation, interest in B-15 urban areas, speculation
    counselor and so on would be required to offer assistance guarantee the general
    goal of reasonable development and benefit. Expanding monetary proficiency will
    be the way to open the ways to B-15 and additionally to uproot the discernment
    that compares shared asset to just value. Speculator mindfulness battles ought to
    be directed to build the AUM in littler urban communities which would assist
    industry with progressing in an all-encompassing way. AMC, merchants what's more,
    IFAs are all doing their bit yet AMFI and SEBI ought to additionally assume a
    noteworthy part in making mindfulness.
    Information about shared asset industry ought to be incorporated into
    instructive educational modules. The mantra ought to beto catch them youthful.
    Asset houses may need to discover and band together with the privilege merchant
    to make the items accessible to financial specialists in littler urban areas. Along
    these lines, Banks and IFAs could assume a crucial part in coming to the financial
    specialist base. Likewise, merchants ought to be incentivized enough to guarantee
    that they anticipate common assets as a long haul speculation for satisfying
    budgetary objective.
    Technology can go about as a key empowering agent and offer the asset
    some assistance with housing achieve financial specialists requiring little to no
    effort and more effective way. AMCs need to make the significant interests in
    innovation to reach financial specialists to guarantee exchanges on their preferred
    channels.

    The future capability of Investment Advisors could be chosen by Investors


    and the controllers. Vicinity of an unprejudiced counsel could construct speculator
    trust from one viewpoint and prize performing items on the other.

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