Introduction
Just 6–7% of people who can invest opt to build wealth through mutual funds. This suggests that there is a great deal of room for corporate growth and unrealized potential in the retail sector. Our main goal is to attract more retail investors to the MF family.
Belgaum MFD Anita Datta Kanbargi discusses the competencies that businesses would need in 2024. She also discusses her thoughts on underutilized investor segments with enormous commercial potential.
What are your aspirations for 2024? How do you see growing your distribution business?
Our main goal is to bring on additional investors. Furthermore, we will persist in pursuing current clients and motivate them to augment their SIP amounts, so expediting the attainment of their financial goals. Similarly, we’ll concentrate on growing our firm using lump money.
Which new business skills are you desirous to learn in 2024? And why?
Digital transformation is essential for today’s businesses and is necessary for their success. It is essential to all corporate functions. Our goal is to increase the amount of digital technology we use for back-office operations, marketing, and transaction execution.
Which investor category do you sense is still untapped and should be explored in the coming year?
Merely 6% to 7% of the investible population choose mutual funds for wealth creation. This hints at untapped potential in the retail segment and the vast scope it offers for business expansion. We would like to concentrate on bringing more retail investors to the MF fold.
Lastly, how can the MF industry add more women investors?
Women who attend ongoing education seminars designed just for them may get the self-assurance and conviction needed to begin investing in mutual funds. Additionally, simplifying things by holding sessions devoid of technical jargon can help female investors feel more at ease while using mutual funds.