Over 80% investors satisfied with mutual fund schemes: Survey

NEW DELHI: More than 80 per cent of investors in the country are satisfied with their mutual fund schemes, a survey by trade body of financial distributors said.

The survey conducted by Financial Intermediaries Association of India (FIAI), also found that more than 60 per cent of the mutual fund investors were content with services of distributors and advisers of investment schemes.

The survey targeting mutual fund investors was conducted across the country and covered all segments of individual clients - retail as well as HNI - across all age groups.

As much as 86 per cent of the investors in mutual funds were found to be satisfied or neutral about their investments, while the rest had expressed low satisfaction with their fund investments, the survey said.

Moreover, 15 per cent investors not using distributors were not happy with their fund performance as compared to 12 per cent who had distributors.

According to the survey investors look for a prompt customer service and sound market as well as product knowledge in their distributors.

In addition, most investors would like to see regulatory intervention with respect to better selling practices and transparency of the schemes as well as investor grievance handling, the survey noted.