“Investors must have clear financial objectives”

"Investors must have clear financial objectives"

Sidhartha@timesgroup.com Industry veteran with 25 years of experience in the BFSI sector, UTI AMC CEO Imtaiyazur Rahman explains how India’s oldest fund house has adapted to work in distance without disrupting critical functions… The economy and the markets seem to be moving in different directions. How do you explain that? Indian financial markets showed an impressive recovery and performance after March 2020. Indian economy has performed better than many others due to factors such as excess liquidity, foreign exchange reserve adequacy, improved demand, appropriate food supply policies and other initiatives taken in a timely manner. by the government. What are the SIPs doing, given that income levels have fallen and many have lost their jobs? This industry saw an 18% CAGR growth between 2015 and 2020. It was also a difficult time for global economies. However, there is great potential for the mutual fund industry for sustained growth. The latest folio tally for the MF industry stands at 9.4 crore – 107% growth from 4.5 crore in November 2015. AT M (assets under management) is at Rs 30 lakh crore – 132% growth compared to Rs 13 lakh crore in November 2015. What do you advise retail investors? Investors must have clear financial goals. They could range from raising the child to planning for retirement. They should make decisions based on their goals, stick to the goals, and consult with financial advisors when necessary. How has your business responded to Covid? It is a very difficult time for humanity and businesses. The MF company quickly adapted and learned to do business from a distance, adopting new technologies and systems. In UTI, we have a very robust infrastructure and technology in place. This allowed us to perform all critical functions related to non-stop fund management and investor services. We also take this opportunity to control costs appropriately. Are other steps necessary for your business? We are strengthening our association with our partners in order to effectively use their potential to enhance distribution reach and business growth. Since data, technology and service are an integral part of our business, we remain committed to innovation and new technologies to create customer enjoyment.
Via: timesofindia.indiatimes.com

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