Mumbai, March 2 (IANS). Union Commerce and Industry Minister Piyush Goyal recently said that India’s future will be decided not foreign institutional investors (FIIs), but domestic investors. He urged the industry to protect the interests of small investors and reduce market fluctuations.
Union Minister Goyal insisted that the assets (AUMs) under management in the mutual fund industry are around Rs 70 lakh crore and will soon be Rs 100 lakh crore, which will dominate the market.
During his address at the Association of Mutual Funds in India (AMFI) Summit 2025, Goyal said that Mutual Fund Industry has encouraged financial literacy and played an important role in India’s development story by transporting new financial views to industries and investors.
The Union Minister appreciated domestic investors for completing the shortage created by FII after Kovid.
Union Minister Goyal told the attendees, “The methods of investment like domestic investors as well as SIPs supported the market. They helped spread financial awareness and financial products in every part of the country.”
The flow of funds on a large scale and the fear of losing attractive shares among investors brought a crisis among investors during rightsizing.
Goyal said that a lot of wrong information has been released about the never -ending ability to walk on the unilateral path of the market. He described the uncertainty of the stock market as a wake-up call for the industry and its small investors.
He insisted that AMFI should also be conscious of their duties by separating the misguided investors from the rest.
Even during recent turmoil, companies with courage have maintained a fair price in the stock market.
Goyal said, “The duties and responsibilities of the industry towards the market are much higher than the profitable returns received by investors in a short term.”
He also said that there are indications of government expenditure and return to private capital expenditure. Explaining in detail about the responsibilities of the mutual fund industry towards its investors, the minister urged the participants to be more vigilant in cautioning investors to take risks.
Union Minister Goyal hoped that such an initiative would be helpful in speeding up India’s development saga for the next 22 years.
-IANS
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