Three key questions asked by SEBI Whole-time Member Amarjeet Singh to the MF industry

Business Business: The Indian mutual fund industry has recorded phenomenal growth in terms of reach and asset value, but the industry needs to be cautious in terms of investment opportunities and asset classes to invest in, said Amarjeet Singh, Whole Time Member, Securities and Exchange Board of India (SEBI).

“The question in my mind was that we are growing at a phenomenal pace, and it is a phenomenal growth, it is a great success story… we need to be cautious on do you have enough investment opportunities? Do you have enough asset classes to invest in? Is too much money chasing too few good opportunities? There is no easy answer to this,” Singh said while delivering the keynote address at the Moneycontrol Mutual Fund Summit on Monday.

He further added that India has a vibrant primary market that brings in new papers for investment, but asset management companies have to work towards creating more investment opportunities.