Nowadays the whole world is trusting India’s growth. On one hand the world is in the grip of recession. India is growing rapidly. The biggest example of this is the boom seen in the Indian stock market. The country’s leading mutual fund company ‘Nippon India’ believes that Uttar Pradesh will be the leader in the mutual fund industry in the near future and Nippon India is committed to this.
17 percent share
Sandeep Sikka, CEO of Nippon Mutual Fund, who came to Lucknow on Monday to inaugurate the new regional office in Lucknow, said that we are committed to Uttar Pradesh. As far as the mutual fund industry is concerned, Uttar Pradesh is the fastest growing market in India. While the national average of mutual fund growth is 17 percent, the market in Uttar Pradesh has grown by 23 percent during the last five years. We believe that Uttar Pradesh will be a leader in the mutual fund industry. Nippon Mutual Fund is committed to contributing to making this possible.
20 lakh investors in UP
Nippon Mutual Fund already has presence at 31 locations in Uttar Pradesh. Sikka said that the company wants to further strengthen its presence in Uttar Pradesh. We are happy to serve 20 lakh investors in UP and want to expand our digital and physical presence in the state. On the question of how safe the mutual fund market is for an investor, he said, ‘Mutual fund market is one of the safest markets. It is regulated by SEBI (Securities and Exchange Board of India).