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Domestic investors will shape India's future, not FIIs: Goyal
The Statesman Siliguri
|March 02, 2025
Domestic investors will shape India's future, not foreign institutional investors (FIIs), Union Minister of Commerce and Industry, Piyush Goyal, said on Saturday, urging the industry to safeguard small investors and minimise market volatility.
Goyal asserted that assets under management (AUM) in the mutual funds industry at nearly Rs 70 lakh crore -- and soon to be Rs 100 lakh crore -- will dominate the market and domestic investors will determine India's future, not the FIIs.
The mutual funds industry has played a pivotal role in India's growth story by encouraging financial literacy and taking innovative financial ideas to the industry and the investors, said Goyal during his address at the Association of Mutual Funds in India (AMFI) Summit 2025 here.
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