SEBI Chairman Tuhin Kanta Pandey urged the mutual fund industry to prioritize investor outcomes as scale and complexity grow. Speaking at AMFI's 31st Foundation Day, he noted AUM rose from Rs 15 lakh crore in July 2016 to about Rs 86 lakh crore in July 2026. He called for expanding investor base from 6 crore to 12 crore and emphasized fiduciary responsibility.
SEBI chief urges mutual funds to focus on investor outcomes
Source: Moneycontrol