Mr. Nair was inaugurating a seminar organised here by Cochin Stock Exchange (CSE) of Value Investment as part of its investment awareness campaign.
The SEBI official said that mutual funds have grown rapidly in the country and predicted that within 20 to 30 years mutual funds will have more funds than the banking institutions. He said that mutual funds were good investment vehicles and should be used by investors.
Opportunities offered by mutual funds are increasing because new products are emerging. The gold mutual will be followed by the real estate mutual fund, said Mr. Nair.
He said that the other emerging arenas were venture capital funds and hedge that are coming to India in a big way.
He felt that people in Kerala continued to rely on bank deposits and that they could use the capital market for earning handsome returns.
Mr. Nair said that SEBI was committed to investor education and to help the regional stock exchanges like Cochin Stock Exchange. He said that SEBI Chairman had declared 2008 as the Year of the Investor.