India's thriving mutual fund (MF) industry is drawing interest from several firms, with multiple applications submitted to the Securities and Exchange Board of India (Sebi) for asset management company (AMC) licences. Pantomath Capital Advisors, Choice International, and AlphaGrep Securities are among the recent applicants. Meanwhile, Reliance Industries-backed Jio-Blackrock AMC and Capitalmind AMC have recently obtained Sebi's approval to start operations. They will soon join new entrants such as NJ MF, Zerodha MF, and Helios MF in vying for a share of India's ₹66 trillion MF industry, which is projected to grow at an 18 per cent compound annual growth rate (CAGR) between 2023-24 (FY24) and 2029-30 (FY30), with increasing retail participation serving as a key tailwind for growth.
Notably, most new entrants in this space already possess some capital market expertise, either in stockbroking, investment banking, or MF distribution. The new applications are viewed as a strategy to diversify business and expand capital market presence.
この記事は Business Standard の October 17, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は Business Standard の October 17, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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