Mutual funds' penetration remains extremely low in India: Navneet Munot of HDFC AMC SECTIONS Last Updated: Jul 27, 2021, 10:12 AM IST Share Synopsis Mutual funds' penetration remains extremely low in the country despite strong growth in the past decade, HDFC Asset Management Company chief Navneet Munot said on Monday. ETAuto Addressing shareholders of the company, Munot said the economy should come back to a steady recovery path with the COVID-19 curve showing signs of flattening and the nationwide vaccination drive gathering steam. "The markets are clearly exhibiting confidence, signalling better times ahead. Our people are well equipped with top class digital infrastructure to function seamlessly," he added.