Anuradha Rao, MD and CEO of SBI MF has strong credentials handling retail portfolio during her tenure at SBI. The parallel economy will merge into the mainstream and this again will help in growth and build a more efficient economy. There are expectations that MF industry would garner around 10 percent from this surprise bonanza. Mutual Fund industry AUM which currently stands at Rs 16.5 trillion is expected to double over the next three years. Due to the sustained investor awareness efforts taken by Mutual Fund houses, AMFI and SEBI, there is growing retail participation.

Source: The Hindu December 03, 2016 16:50 UTC