Indian funds should focus on reducing expense ratios: Kunal Kapoor

Interview with CEO, Morningstar Inc

As Indian mutual fund assets grow, there will be a fall in the proportion of funds beating their benchmarks, says Kunal Kapoor, CEO, Morningstar Inc. In an interview with Ashley Coutinho, he says the industry could probably see a shift to solution-based offerings such as lifecycle funds over time.

Edited excerpts: 

Indian mutual funds have seen sizeable inflows this year, buoyed by systematic investment plans of over Rs 5,000 crore every month. The total size of the industry now stands at over Rs 21 lakh cro with equity assets of over Rs 7 trillion. What changes do you