THE ROLE OF TECHNOLOGY IN MUTUAL FUNDS IS SOMETHING WE CAN'T OVERLOOK. THE RISE OF FINTECH AND NEW INVESTMENT TOOLS IS CHANGING OUR WORK, FROM ALGORITHMS TO BETTER SYSTEMS FOR OUR INVESTORS.
MUTUAL FUNDS TRENDS IN 2024
NILESH SHAH, MD & CEO, KOTAK MUTUAL FUND
India's Mutual I Fund industry is on a growth spree, with a projected 21.5% CAGR by 2027. Our AUM has risen sharply to INR 49.04 trillion by November 2023, up from INR10 trillion in 2014. We're now serving over 16 crore accounts, thanks to supportive regulations, appealing equity schemes, and tech progress.
Yet, when compared to unregulated investments, there's more ground to cover. About 18 crore Indians are venturing into cryptocurrencies, 2 crore into high-risk Ponzi schemes, and nearly 10 crore are engaged in online gaming platforms like Teen Patti and Ludo, which lack investor protection. In comparison, over 4 crore investors have opted for the safer route of mutual funds. Our AUM-to-GDP ratio stands at 16%, well below the global average, indicating vast growth potential. Despite increased internet usage, our main business is still concentrated in top cities. We see growing interest from middle-income earners, yet only 2% of Indians invest in mutual funds. There's a huge untapped market waiting for us.
As we enter 2024, the mutual funds sector is evolving, shaped by global economic shifts, technological advancements, and changing investor behaviour.
The mutual fund industry is at a turning point. Domestic investors are playing a bigger role, providing stability against the flow of foreign investments.
MARKET ANALYSIS AND EVOLVING TRENDS
هذه القصة مأخوذة من طبعة January 2024 من Entrepreneur magazine.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة January 2024 من Entrepreneur magazine.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
How To Ask Family For Money
Your friends-and-family fundraising round doesn't have to be scary and awkward. Here's advice from one of the world's leading investors.
Data Breach Drama: When Trust Turns Costly In A Digital Age
Amid data breaches surges, Indian businesses are prone to financial and reputational fallout. Can cyber insurance emerge as a safeguard?
THE TERRAIN TAMER
Spearheading a California-based, Series D SaaS company is no easy feat. It requires a blend of ownership, innovation, and the ability to handle stress. But Anand Jain, co-founder and chief product officer of Clever Tap, finds his calm by escaping to rough terrain whenever he gets the chance-be it India or Colombia.
THE INTELLIGENT READS
Hardika Shah founded Kinara Capital in 2011 with the mission to address the acute credit gap in the micro-small-medium-enterprises (MSME) sector in India, by providing fast and flexible business capital to small business entrepreneurs. Despite operating in highly competitive and tough market of collateral free loans, Kinara Capital has been steadily growing in Hardika's leadership. In conversation with Entrepreneur, Hardika shares insights on her favourite books.
THE CURSE OF GROWING TOO FAST
FAIRE is a platform for small businesses, but it grew big the wrong way-almost becoming a $12 billion wreck. Here's how it fixed the problem, and why you should think twice before skyrocketing.
There's No Perfect Answer
I worked the same job for 19 years. I hated it, but it paid the bills. Then, in 2017, I entertained an exciting but terrifying question: Could I be an entrepreneur? I wasn't sure, so I needed something that felt like a guarantee. I searched for signs that would feel like a big, clear \"yes!\"
Give Yourself the Gift of Time
Happy holidays! Emmy Award-winning tech expert Mario Armstrong has five recs to get more hours in the day.
How to Become a Main Street Millionaire
It started when I bought one little laundromat. Now I have a whole portfolio of small local businesses that bring in tens of millions in revenue a year. Here's why following my playbook could be your ticket to financial freedom-and saving America's local small businesses.
Want to Better Serve Your Clients? Become Them.
As a designer for brands, starting my own product company gave me a dose of humility-and it changed the way I relate to clients.
How to Succeed With Gen Z Workers
People often say that younger employees are different. But are they? We asked six business leaders what they've learned, and how their teams thrive.
