Market regulator, Securities and Exchange Board of India (SEBI), is set to launch 1,500-2,000 super-ATM centres across the country in the next 12-18 months for the growth of the mutual fund industry said a top official.
“To facilitate investments in mutual funds and availability of information to investors, we need to create a huge infrastructure. We are trying to build this 
through a concept of super-ATM centres around the country,” SEBI’s executive director, KN Vaidyanathan, said at a mutual fund award function in Mumbai.
At the press of a button in super-ATMs, investors would be able to transact and get all the information about mutual fund schemes. It will also send queries and receive information as well, he said.
SEBI would partner with the mutual fund industry to build infrastructure and a large part of the work will be in place in the next 12-18-months period.
Vaidyanathan said that the mutual fund industry was poised to grow from Rs 3-lakh-crore to Rs 30-lakh-crore in the next 5-years. The number of shareholders accounts also was poised to grow from 2-crore to 5-crore in the next 5-years.
A total savings of USD 1.9-trillion would be seeking avenues for investment by 2015, he said.
