CEO wants to channel global savings to ETF market

MUMBAI — Every question shot at National Stock Exchange managing director and chief executive Chitra Ramakrisha leads invariably to one reply — exchange-traded funds — a financial instrument that she reckons has the power to draw individual, risk-averse savers to the capital markets.

     The easy to use, liquid instruments are currently drawing less than 5% of retails savings, and Ramakrishna is keen to double this amount by introducing more and more ETFs on India’s largest stock exchange.