Media Release
Mumbai (RBI), Oct 17: In a recent conversation with Tarun Shetty, Head of the Mutual Fund Distribution Business at Issar Financial Services, he talked about the exciting landscape of the Indian mutual fund industry. The dialogue also brought to light the incredible growth and opportunities the sector presents, including Shetty's background and expertise in the financial world.
Options: As Shetty highlighted. fixed deposits typically offer returns of 6 to 8%, while inflation hovers around 4 to 6%. This means that traditional investment vehicles often struggle to beat inflation. Mutual funds, on the other hand, offer an attractive alternative for retail investors to not only preserve but also grow their wealth over the long term.
A Booming Industry Shetty began by emphasising
The incredible potential of the mutual fund industry in India. He pointed out that the mutual fund industry is currently valued at approximately 40,00,000 crores and is expected to double within five years. This rapid growth is evidence of the increasing popularity of mutual funds among Indian investors. Despite being around for a few decades, it's this recent acceleration that has caught the attention of the financial world.
Funds one of the primary reasons behind the popularity of mutual funds is their ability to out- perform traditional investment
Issar Financial Services: A Transformation
Issar Financial Services, a part of RK Shetty & Company, is gearing up to take full advan tage of the mutual fund industry's remarkable growth prospects. With a strong foundation in the insurance sector, serving over 2,000 clients with more than 15,000 policies sold, and a successful tax division with 600 clients, the company is in an ideal position to expand into the world of mutual funds.
Leveraging Expertise for Investor Wealth
Shetty is keen to leverage their extensive experience in the financial sector. They plan to utilize their in-house clien- tele and financial expertise to introduce an additional avenue for investors to grow their wealth. With the rapid expansion of the mutual fund industry, Issar Financial Services sees an exciting opportunity to help investors achieve their financial goals.
Tarun Shetty: A Background in Financial Expertise
In addition to discussing the company's strategy. Shetty shared his own background. He has a Bachelor of Business Administration (BBA) from Pune) University and has spent four years in institutional equity research. During this time, he achieved the role of a lead analyst for the healthcare sector at Haitong Securities. Over the years, he has published more than 200 research reports, gaining recognition in the financial sector.
Conclusion
The mutual fund industry in India is currently experiencing explosive growth, and Issar Financial Services, under the guidance of Tarun Shetty, is set to capitalise on this trend. With a strong base of clientele and a team of financial experts, they aim to provide investors with a trusted platform to grow their wealth. Shetty's background in institutional equity research further reinforces the company's commitment to offering in formed financial advice and services to its clients. As mutual funds continue to outshine traditional investment options in India, Issar Financial Services is well positioned to become a significant player in the financial services sector. In India's dynamic mutual fund landscape, we're witnessing a surge in growth that's nothing short of remarkable. With the mutual fund industry expected to double within the next five years, it's a truly exciting Beating Inflation with Mutual time for investors."
TARUN SHETTY
Head of the Mutual Fund Distribution Business at Issar Financial Services