The Hindu : Business : Meet on efficient wealth management with MFs

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Wednesday, Nov 30, 2005

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Business

Meet on efficient wealth management with MFs

Special Correspondent

The objective of the summit is to spread best practices in investment strategies

KOCHI : The Cochin Chamber of Commerce and Industry, in association with the Associated Chambers of Commerce and Industry of India (ASSOCHAM) and the Association of Mutual Funds in India (AMFI), is organising a national summit on "Efficient Wealth Management with Mutual Funds and Investors Protection" here on December 3.

A press release here says that the objective of the summit is to spread best practices in investment strategies, understanding the mechanism and the functioning of the Indian Mutual Fund industry and also to discuss investors' protection. P. C. Gupta, Minister for Company Afffairs, will inaugurate the summit.

Apart from the Union Minister, the summit will be addressed by A. P. Kurian, chairman of the AMFI, Anil K.Agarwal, president of ASSOCHAM, Mr S K Jindal, chairman of investment committee of ASSOCHAM and a host of other senior chief executives from various MFs and financial services. Indian Mutual Fund industry is rapidly expanding and is poised to play a major role in the management of wealth of investors , both individual and corporate.

With about 34 players and more than 500 schemes, this industry broadly caters to all types of investors depending on their risk return preferences.

Despite a plethora of schemes and alternative investment options to choose from, an investor often faces problems in selecting funds.

The summit, says the press release, would provide an ideal forum for expert discussion, advice and information sharing, which will, apart from knowledge dissemination, provide an excellent platform for business-to-business matchmaking.

The summit would bring together fund managers, asset consultants, brokers, institutional investors, regulators, custodians, lawyers, bankers, consultants, financial planners and high net worth individuals.

According to Chamber sources here, the State is probably hosting the first national summit on such an important topic of current relevance

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