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From left to right: Surendra Kumar Bagaria, Past President and Mentor, ASK Circle, Aniruddha Chaudhuri, Vice President, ICICI Prudential AMC, and Shashank Pal, Vice President and Zonal Head-West Bengal, SBI Mutual Fund, at Business Standard Smart Business in Kolkata on 21st June 2014, in association with Mutual Fund Round Table Association.
Business Standard Smart Business in association with MFRT held a seminar on the need for professional guidance while making mutual fund investments.
“Efforts should be made to keep investors informed about the risks associated with mutual fund investments”, said Mr. Bagaria, at the Business Standard Smart Business event on ‘Cost for advice’ that highlighted the need for experts while making investment decisions. "We should be responsible advisors and participate in the wealth creation process of our clients," he said, while emphasising the need for proper communication between investors and advisors.
Mr. Chaudhuri said, "I strongly believe that there cannot be mis-selling of mutual fund products. Sometimes there is a mismatch of expectation. I think if the risks, tenure, duration, etc. are properly explained then the scope of such expectation mismatch reduces significantly".
Mr. Pal said SBI Mutual Fund has been organising several investor awareness programmes every month to spread financial literacy and educate investors.
He added that investors need professional guidance to make informed investment decisions. "You don't learn to swim with an instruction manual, you need a coach. Similarly, professional advisors are required to guide you in your investment decisions," he said.
