New Delhi: Commerce and Industry Minister Piyush Goyal has held a meeting with Sundeep Sikka, Managing Director and CEO of Nippon Life India Asset Management Ltd, to discuss ways to deepen retail participation in India’s investment ecosystem and attract greater global capital into the country.
In a post on X, Goyal said the discussions focused on opportunities to scale up and deepen retail investment, strengthen India’s asset management ecosystem and explore avenues for bringing more international capital into Indian markets.
The meeting comes as retail participation in mutual funds and capital markets continues to expand.
Held a meeting with Mr. @SundeepSikka, MD & CEO of Nippon Life India Asset Management Ltd.
Discussed opportunities to scale up & deepen retail investment, strengthen the asset management ecosystem, and explore avenues for attracting greater global capital into Indian markets. pic.twitter.com/4wBaj14RTQ
— Piyush Goyal (@PiyushGoyal) August 17, 2026
Nippon India Mutual Fund recently became the first asset management company in India to cross 4 crore investor folios, reaching 40.2 million folios as of June 30, 2026, according to industry data. The fund house had 24.1 million unique investors, accounting for about 39% of India’s total mutual fund investor base.
Sikka is also the Chairman of the Association of Mutual Funds in India (AMFI), according to the industry body.
The discussion also comes amid policy efforts to widen overseas participation in Indian markets, including recent changes aimed at making it easier for eligible individuals residing outside India to invest in listed Indian companies.
Goyal’s meeting with Sikka highlights the government’s broader focus on expanding domestic investment while positioning Indian financial markets to attract more global capital.
