Bengaluru: India’s leading financial news platform, Moneycontrol, successfully hosted HDFC Mutual Fund presents Moneycontrol Mutual Fund Summit 2025’s Bengaluru Edition, powered by Axis Mutual Fund, following its high-impact debut in Mumbai. With the theme “Decoding Purpose, Product, and Tech,” this edition highlighted India’s rapidly growing mutual fund industry, celebrating not just its scale but also its spirit of innovation and reinvention.
As India aspires to achieve the visionary goal of $1 trillion in Assets Under Management (AUM) by 2030, the Mumbai edition of the Moneycontrol Mutual Fund Summit 2025 had set the stage for the recently concluded Bengaluru edition. Building on the powerful discussions in Mumbai, which explored the roadmap to deepen mutual fund penetration and enhance investor participation, the conversation in Bengaluru continued, highlighting the optimism and transformative potential driving the mutual fund sector.
The Summit brought together some of the country’s sharpest minds in asset management to deliberate on the industry’s next big leap. It connected the dots between product innovation, investor trust, and digital transformation to enable India’s mutual fund ecosystem to evolve from being passive savings vehicles into active engines of wealth creation for the future.
The Summit featured an exceptional lineup of India’s foremost leaders in asset management and financial innovation. Among the distinguished speakers were D. P. Singh, DMD and Joint CEO of SBI Mutual Fund; Sandeep Tandon, Founder and CIO of Quant Mutual Fund; Navneet Munot, MD and CEO of HDFC Asset Management Co. Ltd.; and Vaibhav Shah, Head of Products, Business Strategy & International Business at Mirae Asset Investment Managers (India). The line-up also featured Neil Parikh, CEO of PPFAS Mutual Fund; Abhishek Tiwari, CEO of PGIM India Mutual Fund; Deepak Shenoy, CEO of Capitalmind AMC; Anish Tawakley, Co-CIO (Equity) at ICICI Prudential AMC; and Harsha Upadhyaya, CIO of Kotak Mahindra AMC. The summit also hosted Vishal Jain, CEO of Zerodha Fund House; Sandeep Jethwani, Co-Founder of Dezerv; Akhil Chaturvedi, Executive Director and CBO of Motilal Oswal AMC; and Senthil Gunasekaran, Chief Business Development Officer – India & Global Business at KFin Technologies Limited. Together, these industry stalwarts shared insights, ideas, and perspectives on the future of India’s mutual fund ecosystem and the opportunities that lie ahead.
Discussing the immense potential of the newly launched SIF category in a panel on purpose-driven investing, DP Singh, DMD & Joint CEO, SBI Mutual Fund, said, “SIF bridges the gap between mutual funds and AIFs/PMS, offering evolved investors a space that combines flexibility with oversight. It’s not sold like a mutual fund; there are guardrails to ensure investor safety.”
“It’s only a matter of time before SIF becomes a very large category. As industry leaders, we felt it was our responsibility to take the first step instead of waiting for others. Though we’ve started conservatively with hybrid products, our internal studies suggest that within a year, SIFs could grow into a ₹1 lakh crore category,” he further added.
Highlighting India’s evolving investment mindset, Navneet Munot, MD & CEO of HDFC Asset Management Co. Ltd., said, “This nation is transforming from a nation of savers to a nation of investors. People are a lot more optimistic, aspirational and ambitious. The people want to create wealth, and they are exploring many things today.”
Munot further added, “India is a compounding story. Other than the United States, there are very few places in the world that can truly be called a compounding story.”
Emphasising the need for a progressive financial ecosystem, Vaibhav Shah, Head – Products, Business Strategy & International Business at Mirae Asset Investment Managers (India), highlighted the need for a more liberalised framework to enable smoother cross-border investments. “Challenges remain as all investments currently fall under the LRS (Liberalised Remittance Scheme) window. Significant investor education will be needed to help retail participants understand the LRS process and navigate global investment options through GIFT City,” he said.
Further, Akhil Chaturvedi, ED & CBO, Motilal Oswal, shared that investors in India are more mature now and don’t panic if there is a decline in the markets. “There was a phase when markets used to fall, we would see domination of SIPs, redemption from MFs. But in the last five years, what we have seen is that incrementally, that is not what is happening,”
As the nation moves towards its vision of Viksit Bharat 2047, the role of the mutual fund industry becomes even more pivotal, driving wealth creation, advancing financial democratisation, and deepening investor awareness across the country. HDFC Mutual Fund presents Moneycontrol Mutual Fund Summit 2025, powered by Axis Mutual Fund, Bengaluru edition explored innovative pathways for the industry to scale up and evolve in an era of AI-driven and technology-enabled transformation. The Summit was supported by its Knowledge Partner, KFintech, Event Partners, Motilal Oswal Mutual Fund and Mirae Asset Mutual Fund, and Associate Partner, Reliance Industries Limited.
-Based on Press Release
