Chennai, Sept 20: The Indian mutual fund industry has outperformed the market indices at least by two to three per cent in the last five year period, A P Kurian, chairman, Association of Mutual Funds of India (AMFI), said today. Speaking at a seminar on mutual funds here today he said this was one of the findings of a study undertaken by crisil on behalf of AMFI. The crisil report received yesterday would be published very soon, he said. T P Raman, representing Sundaram AMC, in his address said that distribution holds the key in mutual funds industry adding that distribution cost was expected to come down in the coming years.
The seminar was organised by the Chennai-based "Industrial Economist". Bureau Report