SKOCH Mutual Funds Award

SKOCH Mutual Funds Award

Mutual funds business in India has expanding at a healthy pace in the past two decades. However, its penetration remains low. It is nowhere close to the advanced economies. Mutual fund asset under management to GDP ratio in India stands at around 7 per cent. Compare it with the advanced economies: in the United States it is 91 per cent; in UK it is 51 per cent. In Australia the size of mutual fund AUM is bigger than the GDP, the ratio stands at 114 per cent. Out of the total investments in financial assets by Individual Indians, mutual fund accounts for just 3.4 per cent. 85 per cent of the investments in mutual funds come from top 15 cities.

Mutual fund is clearly not a preferred investment option for majority of Indians, especially in smaller cities and rural India. This is because of the lack of financial awareness. India is among the fastest growing economies in the world. The stock markets performance has been among the best in the world. Mutual fund is an important instrument to ensure that the benefits of the economic expansion and markets growth percolate down to the masses.

SKOCH Mutual Funds award is aimed at creating mass awareness through creating benchmarks and identifying excellence in the industry.