A Conversation With : Saravana Kumar, CIO of LIC Mutual Fund
Updated on: 13 Jun 2016
Saravana Kumar, CIO of LIC Mutual Fund discusses on issues why the mutual fund has been in spotlight over the past few weeks and his take on the road ahead for markets
Independent financial advisors (IFAs) have been the talking point over the past few weeks. According to you, how important is IFA in mutual fund landscape?
IFAs importance cannot be undermined as still in majority of transactions IFAs are driving force. Financial investment decision making is a complex process. Sometimes investor's are overwhelmed with availability of options and they need handholding in choosing what is best suited for them. IFAs play a key role in motivating investors, understanding their needs and recommending a suitable product for them. IFAs help bringing a disciplined approach towards investing which a key for long term wealth creation.
Would you consider mutual fund to be an overtly regulated product?
Mutual fund is a regulated product and rightly so as investor's hard earned money is involved and proactive regulations eliminate chances of creative frauds from duping innocent investors.