Mutual fund industry wants new govt to act on consumption, investment.

• Position: Brief article

The industry welcomed Modi's win for a second term, saying this will ensure policy certainty." market will focus on steps taken by the government to encourage investment and give push to consumption, which is hitting a soft patch," Kotak Mahindra Mutual Fund's Managing Director and Chief Executive Nilesh Shah said in a statement. He added that the voters have shown a "maturity" in voting the same government, which will help do away with the policy uncertainty. Industry body Amfi's Chief Executive N S Venkatesh said he expects the political stability to drive pro-reform economic agenda. "We now look forward to the new government creating a conducive investing environment for the...