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TMI BlogUnion Minister of Commerce & Industry Shri Piyush Goyal emphasises mutual funds industry's role in India's growth at AMFI Summit 2025X X X X Extracts X X X X X X X X Extracts X X X X ..... Union Minister of Commerce & Industry Shri Piyush Goyal emphasises mutual funds industry's role in India's growth at AMFI Summit 2025 X X X X Extracts X X X X X X X X Extracts X X X X ..... played a pivotal role in India's growth story by encouraging financial literacy and taking innovative financial ideas to the industry and the investors. This was stated by Union Minister of Commerce & Industry Shri Piyush Goyal during his address as a Chief Guest at the Association of Mutual Funds in India (AMFI) Mutual Fund Summit 2025 in Mumbai. The Minister further complimented the domestic in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vestors for filling the gap created by the foreign institutional investors (FIIs) post-Covid. "Collective investment methods like SIPs along with domestic investors supported the market. They helped in spreading financial awareness and financial products to every part of the country, he said. Highlighting the importance of safeguarding the importance of small investors and other key stakeholders, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Shri Goyal urged the industry leaders to reflect on ways to minimise volatility in the stock market. Large fund inflows, compulsions of the market to deploy capital, fear among investors on missing out on attractive stocks brought crises among investors during rightsizing. There has been a lot of misinformation flow about the unending ability of the market to go on a one-way street, he noted, and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... described the unpredictability of the stock market as a wakeup call for the industry and its small investors. AMFI should also become conscious of its duties by isolating misguided investors from the rest. Companies with mettle have maintained reasonable prices at the stock market during recent turbulence, he noted. He said that duties and responsibilities of the industry towards the marke ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t are larger than the profitable returns investors enjoy in the short term. He also added that government spending and private capex are showing signs of comeback. Elaborating on the responsibilities of the mutual funds industry towards its investors, the Minister urged the participants to be more diligent in cautioning investors from taking risks. He hoped that initiatives as such wi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ll spur India's growth story for the next 22 years. Shri Goyal urged the industry to support and handhold investors, look at financial inclusion as a collective responsibility and take up financial education as its duty. Shri Goyal asserted that assets under management (AUM) in the mutual funds industry at nearly Rs 70 lakh crore and soon to be Rs 100 lakh crore will dominate the market and d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... omestic investors will determine India's future not the foreign institutional investors. He also highlighted the need for the industry as wealth creators to have a fair and organised market. X X X X Extracts X X X X X X X X Extracts X X X X
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