AMFI Mutual Fund Summit 2018 — SEBI Chairman Has Tough Questions

Gaurav Sharma
Sep 5, 2018 · 3 min read

Is AMFI doing its job right?

AMFI’s trademark and most successful campaign “Mutual Fund Sahi H” has yielded strong results for all the mutual fund houses. SEBI, AMFI and Mutual Fund houses have left no stone unturned to market their products and instill SIP in Indian masses and it has led to a sharp 2 times increase the AUM in last five years. AMFI recorded 27% year-on-year increase in the number of mutual fund folios in the country, touching almost 7.6 crore folios as on July 2018.

In the midst of all the success and understand the road ahead, AMFI organized the annual AMFI Mutual Fund Summit. The summit saw many high profile attendees in form of SEBI Chairman Mr. Ajay Tyagi, HDFC Chairman Mr. Deepak Parekh, PayTM founder Mr. Vijay Shekhar Sharma, CAMS CEO Ajay Kumar, Bajaj Capital VC & MD Rajiv Bajaj and many CEOs of various mutual fund house among other VIPs.

One of the most interesting speech came from the Boss himself, SEBI Chairman Mr. Tyagi came down heavily upon mutual fund houses and made a sold case for change. He raised a lot of valid points during the recent AMFI MF Summit 2018.

Below are the major insights of Mr. Tyagi’s long speech:

We hope that entry barriers to new mutual fund house decline and a new breed of cheap mutual funds with better transparency brings competition in the Indian Mutual Fund industry. Oh, ETFs — Please Come to India, Vanguard, are you reading this?

The Wealth Ved

At “The Wealth Ved” you will find clear, simple and easy to understand articles about macroeconomic indicators, wealth, economics, business, equities, mutual funds, bonds and financial issues to identify trends and help in understanding the market noise

Gaurav Sharma

Written by

Macro Commentator | The Wealth Ved | Investment Consultant

The Wealth Ved

At “The Wealth Ved” you will find clear, simple and easy to understand articles about macroeconomic indicators, wealth, economics, business, equities, mutual funds, bonds and financial issues to identify trends and help in understanding the market noise

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