Reliance Mutual Fund – Investor Education Initiative
Discussion on Mutual Fund Day & Fund for a Friend
What is mutual and why mutual fund:
Before going into reliance mutual fund first we are going what mutual fund is and when it was founded, in India it was formed during 1963.
Mutual fund investments are sourced both from institutions (companies) and individuals. Since January 2013, institutional investors have moved to investing directly with the mutual funds since doing so saves on the expense ratio incurred. Individual investors are, however, served mostly by Investment advisor and banks. Since 2009, online platforms for investing in Mutual funds have also evolved.
Reasons for choosing reliance mutual fund:
The reasons are endless but there are 5 major reasons
- Robust Distribution Network
- Pioneering Trends
- The People’s Choice
The Mutual Fund Day initiative, launched by Reliance Mutual Fund, is amongst the biggest investor awareness initiatives to encourage investments in mutual funds.
As per industry estimates, less than 3 percent of the country’s population invests in mutual funds.
“Markets are at an all-time high as MF AUM are at Rs 18 trillion and equity returns have multiplied the portfolio 28 times in past 20 years, proving to be a sound investment option for investors,”
Reliance Mutual Fund executive director and chief executive, Sundeep Sikka told PTI. “However, the growth in MF folios has been muted at around 2 percent CAGR in last 5 years. We see this increasing aggressively through industry initiatives like Mutual Fund Day,” he said.
He was speaking on the sidelines of launch of the Mutual Fund Day initiative that encourages investors to mark 7th of every month as a date for making investments in mutual funds.
He said that the industry may see the investor base doubling in next three years. “We expect the investor base to double in next three years with such initiatives,” Sikka said.
According to Sikka, the industry will cross Rs 20 trillion in AUM well in advance.
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