MF industry has growth potential but talent a concern: CEOs at BFSI Summit

Radhika Gupta, CEO, Edelweiss MF, cited the success of the industry's 'MF Sahi Hai' campaign in creating awareness

The mutual fund (MF) industry has a 25-year-long history of creating wealth, and word-of-mouth publicity of its performance will take us to the corners of Bharat, said senior executives at the Business Standard BFSI Summit 2022 on Thursday.

“Today, 27 per cent of equity assets under management is from outside the top 30 cities. More than 45 per cent of MF portfolios are also from smaller towns and villages. We still have a long way to go. But with technology on our side, it is possible," said Navneet Munot, chief executive officer (CEO), HDFC MF.

Technology has been the key