• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Port Info

• Ships in Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• The Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mangalore , June 14

THE Chairman of Canbank Investment Management Services Ltd, Dr N.K. Thingalaya, has said that there is a need to formulate strategies for the dispersion of mutual funds to semi-urban and rural markets.

According to a press release, speaking at the Canbank Mutual Fund's Intermediaries' Advisory panel meeting in Mumbai, Dr Thingalaya said any initiative can become successful, if it has its roots in semi-urban and rural areas. Investor education in mutual funds is the key to take the message of this investment avenue in these markets.

Stating that mutual funds constitute only 1/10th of the size of the banking industry in India, he said there is a lot of scope for growth of this industry.

Mr N. R. Ramanujam, Managing Director of Canbank Investment Management Services Ltd, said Canbank Mutual Fund, in association with the intermediaries, is embarking upon a broad-based investor education activity across the country.

The intermediaries, who participated in the meeting, stressed the need for mutual funds conducting regular programmes for investor education.

The release said that the objective of the Intermediaries' Advisory Committee is to create a platform for intermediaries to discuss issues relating to mutual fund investment across a larger section in society and to develop strong retail base.

It added that this is the first meeting of this kind organised by Canbank Mutual Fund to seek the views of intermediaries for development of the industry.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Sahara MF launches Wealth Plus Fund

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line