According to him, the next 10-15 years is going to be extremely positive from an economic perspective for India and this will be reflected in the capital market as well, whether equity or fixed income.
He added that the last 20 years have been very good for investors as good mutual funds (MFS) have created wealth in the range of 18-20% per annum.
"The next 15 years is going to be the time when people in India can create intergenerational wealth. The US, Japan and China have seen this. Lots of people miss out on this opportunity to create wealth due to lack of discipline and patience. They really need to stay invested. Our attempt is to act as a bridge between the growth of the Indian economy and investors' portfolio," said Nair.
The CEO believes that the MF industry's assets under management (AUM) can anywhere be between ₹140 lakh crore and 200 lakh crore in the next 7-10 years.
In the last decade, the industry's AUM has grown more than 6 times- from 9.75 lakh crore in June 2014 to 61.16 lakh crore in June 2024.
Esta historia es de la edición August 19, 2024 de The New Indian Express.
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Esta historia es de la edición August 19, 2024 de The New Indian Express.
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