Chief General Manager of Security and Exchange Board of India (SEBI) Biranchi Narayan Sahoo highlighted that there is ample scope for investors of the country to channelising household saving to mutual funds (MF).
While speaking at the 4th ICC Retail Saving Opportunities Conclave organised by the Indian Chamber of Commerce (ICC) here, he gave details of pattern of the household finance saving of the country.
Contributions of State like Odisha to India’s mutual fund industry are growing rapidly. Last year it was 0.57% and by 2019 July this contribution goes up to 0.85%. Not only Odisha the whole eastern part of the country contributes immensely to the mutual
fund industry. Participation of individual investors is also growing in very rapid pace, Sahoo said.
Other dignitaries present at the event include Chairman of ICAI Bhubaneswar Chapter Saktidhar Singh and member of ICC National Committee on Banking, Financial Services and Insurance Sudhin Roy Choudhury.
