Fundu Vishy

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Mutual Funds need to Re-Discover its Role

Posted by Fundu Vishy on July 2nd, 2010

Over the last year or so, if there was one Industry which saw a continuous wave (and some may choose to call it a Tsunami) of changes hitting, then it should surely be the Mutual Fund Industry.

While there were many reasons and reactions for the changes that took place, specifically from the Regulatory stand point, I believe that the crescendo was reached when the Regulator and the Industry shared the dais on the occasion of the CII Mutual Fund Summit recently.

A good account of the message that came out of the meet has been clearly spelt out by our Mr.Dhirendra Kumar, Value Research, one of the torch bearers of the Industry for decades now (See Link: http://new.valueresearchonline.com/story/h2_storyView.asp?str=14745).

As per his reading on the clash of the titans in the dais (and around), the message seems to have come out loud and clear for the Mutual Fund Industry – You need to Re-Discover yourselves.

This message is strong enough and needs to be taken seriously by the players in the industry.

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