The Future of Fund Management in India 1997
Bombay, 23rd & 24th April 1997

Mutual funds in India have been intensely criticised in the last few years. Most funds have produced poor returns, both in absolute terms (owing to the decline in the market index) and via measures of risk-adjusted performance. At the same time, the mutual fund industry remains extraordinarily important in their role as a vital intermediary which can produce superior returns for millions of Indian households, and mobilise the savings of the household sector into the capital formation in Industry.

Perhaps the most important question that the fund management industry faces is : How can techniques of funds management be improved so as to deliver better risk-return trade-offs to the investor, and thus better discharge the role of mutual funds in the economy? In this situation, Invest India initiated this annual conference to enable Indian fund managers to discuss the issues faced by them, and perhaps arm themselves with new skills to produce improved standards of performance and performance evaluation.

The conference proceedings have been published as a book titled "Future of Fund Management in India - 1997" by Tata McGraw-Hill and Invest India. This book was officially released by Mr. D.R. Mehta, Chairman, Securities and Exchange Board of India during IIEF's "Indian Derivatives Conference, 1997" at Bombay.