Suresh Soni, CEO, DHFL Pramerica Asset Managers Pvt. Ltd., talks about the industry's performance, and more.
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NewsTranscript
00:00 It's been a heartening phase in mutual fund industry.
00:13 Over the last, let's say, almost two years plus, we have seen continuous growth in the
00:18 industry.
00:19 In fact, it was in 2014 that the industry crossed 10 lakh crores AUM for the first time.
00:25 And this year, the industry has already crossed 15 lakh crores of AUM.
00:29 So we have grown more than 50% as an industry in the last two years.
00:33 But more heartening than that is the number of new investor accounts, number of SIP accounts.
00:39 The SIP accounts have now crossed about a crore for the industry, and the industry gets
00:42 almost 3,500 crores per month by way of SIP accounts.
00:47 That's very heartening.
00:48 The investors are indeed now beginning to look at mutual fund as long-term saving and
00:53 investment vehicle, which is what they indeed are.
00:56 And that's been a very strong, positive development.
00:59 We believe this is just the beginning.
01:02 The industry has much more room to grow.
01:04 There are many more investors who can benefit from this industry.
01:08 So far, the industry has about five crore account.
01:11 I don't have any hesitation in saying that we should be seeing more than doubling or
01:16 tripling of these accounts over the next 10 years.
01:19 So overall, I think we are here to grow.
01:20 We are here to serve more and more customers.
01:24 And indeed, the fact that investors are taking more SIP route, taking more longer-term orientation
01:30 to the mutual fund industry is certainly heartening and is likely to continue.
01:35 Markets themselves would of course go through their ups and downs.
01:39 But the fact that investors now who are coming in SIPs appreciated are making a longer-term
01:45 commitment is certainly heartening and would be the bedrock for the industry to grow.
01:51 [MUSIC PLAYING]
01:53 (upbeat music)