What If Equity Stops Rising? | SIF, FIIs & Multi-Asset ft. Mahindra AMC's CEO| Decode by Creso Ep 01

Is a ₹85 lakh crore mutual fund industry really a success story if it serves only 6 crore Indians? In the first episode of Decode by Creso, Manav (Co-founder, Creso) sits down with Anthony Heredia, MD & CEO of Mahindra Manulife Mutual Fund. They talk about why FII ownership at a 17-year low won’t last, and where AI fits in a business built on trust. They cover why SIFs are for regular mutual fund investors and every distributor, not just HNIs, and why international investing is here to stay. Anthony also explains why the industry is betting too heavily on equity, and why the next big opportunity is investors who aren’t rich yet. Timestamps: 00:00 – Intro 00:41 – Lessons on markets, money and leadership 04:41 – What makes a fund house last beyond AUM 07:26 – FIIs at a 17-year low: why India's time will come 12:26 – AI in mutual funds: why trust is still human 17:32 – ₹85 lakh crore AUM, only 6 crore investors 20:43 – ₹10 lakh+ households and building for 2047 23:02 – Innovation Fund vs SIF: what connects them 25:27 – Why SIF is for every investor and distributor 29:56 – Why international investing is here to stay 34:18 – Multi-asset funds: why equity alone isn't enough 39:48 – Beyond work, and closing thoughts Have a question? Drop it in the comments and we'll get it answered. Subscribe for an inside look at how India’s fund houses think, decide and build. About Creso: Creso is the modern platform built for India's next-generation mutual fund distributors —combining onboarding, portfolio insights, research, and transactions into one powerful system that helps advisors serve clients better and grow their business faster. Join 2,000+ distributors already growing with Creso! Find us here: Website: https://creso.in/ Instagram:   / cresoindia   LinkedIn:   / creso-technologies   Disclaimer: Views expressed are those of the guest and are for informational and educational purposes only. They are not investment advice or a recommendation. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. © 2026 Creso Technologies Pvt Ltd. All rights reserved. AMFI-registered distributor of Mutual Funds (ARN – 321367). #MutualFundDistributor #MFD #MahindraManulife #AnthonyHeredia #MutualFunds