We should aim to increase number of unique investors to ten-fold in next decade: Navneet Munot

We should aim to increase number of unique investors to ten-fold in next decade: Navneet Munot https://ift.tt/Kdp5w84 success of the mutual fund industry in India is attributed to its track record, transparency, technology, and campaigns like Mutual Fund Sahi Hai. The total SIPs have doubled from Rs. 7,000 crore to Rs. 14,000 crore in the past five years, and the number of SIPs has surged 10 times from 60 lakh to 6.5 crores in the past ten years. While interest rate and GDP fluctuations remain a concern, the mutual fund industry must focus on encouraging wider equity participation for older age people, and aim to increase the number of unique investors to ten-fold in the next decade.