IMS, Bhubaneswar organises Seminar on Mutual Fund

Bhubaneswar, Oct 1: A seminar on ‘Mutual Fund – Emerging Trends and Funds’ was organised by city-based Institute of Media Studies (IMS) at its conference hall on Wednesday.

Addressing the students, Joint Director of Lotus Mint Advisory Bibhuti Bhusan Dash explained about the fundamentals mutual fund (MF) and wealth creation. Due to lack of financial education and awareness, people are unable to take benefits from the investment sector. Financial instruments like bank deposits, equity and debt instruments are the major investment plans available for people to get return at high rate in the long run, he stressed.

Dash said banks and IFAs could play a pivotal role in reaching the investor base. Distributors should be incentivized enough to ensure that they project mutual funds as a long-term investment for fulfilling financial goals of the mass, he added.

Branch Manager of NJ Wealth Manoranjan Sahoo said the total number of schemes under MFs has increased during the period 2010-14. The growth rate of number of schemes in debt is greater than income, balanced, ETFs and overseas, he informed. The Mutual fund industry needs to have an outside-in perspective as compared to inside-out perspective. Understanding investors’ needs should be followed by a product channel alignment in the sector, he said.

Unit Manager of NJ Wealth Krishna Ch. Kar and Marketing Manager of Ventura Security Tapan Ku Sahu also spoke. Among others, faculty members of IMS and students of MFC, PMIR, MSW and MJMC departments were present.