Th
at is Reliance power! But first, some capital market trivia that will help one comprehend the chasm that needs to be bridged and the importance of the term ‘Financial Inclusion’. According to latest findings of the Invest India Incomes and Savings Survey 2007 produced by IIMS Data works, out of 321.38 million paid workers in India, only Rs.5.3 million are MF investors; a trifling 1.65%. Worse, when it comes to retail investors, less than 15% of the money belongs to retail investors (investors with an investible surplus of Rs.1 lakh and below); HNIs – or High Networth Investors – have clearly taken the roost. Not only this, if one were to have a look at the spread of MFs operating in India, it is pretty much clear that MFs never dared to look at the countryside, a fact much obvious from contribution to total assets under management in MFs from small towns and rural India, which is ata pathetic 10.5% and 12.5%, respectively.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
at is Reliance power! But first, some capital market trivia that will help one comprehend the chasm that needs to be bridged and the importance of the term ‘Financial Inclusion’. According to latest findings of the Invest India Incomes and Savings Survey 2007 produced by IIMS Data works, out of 321.38 million paid workers in India, only Rs.5.3 million are MF investors; a trifling 1.65%. Worse, when it comes to retail investors, less than 15% of the money belongs to retail investors (investors with an investible surplus of Rs.1 lakh and below); HNIs – or High Networth Investors – have clearly taken the roost. Not only this, if one were to have a look at the spread of MFs operating in India, it is pretty much clear that MFs never dared to look at the countryside, a fact much obvious from contribution to total assets under management in MFs from small towns and rural India, which is ata pathetic 10.5% and 12.5%, respectively.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
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