The mutual fund (MF) industry's strong growth in recent years is backed by structural changes in the household investment pattern, and that is why the industry is unlikely to see a major slowdown if the equity market were to enter the bear phase, according to top MF executives.
Speaking at the Business Standard BFSI Insight Summit, the heads of some of the largest fund houses said the momentum in the MF inflows can take the assets under management (AUM) past the ₹100 trillion milestone in the next three-four years. The AUM has doubled in the past three years and is currently around ₹67 trillion. "The AUM has doubled in the last three years. For the AUM to reach ₹100 trillion, it has to add only another 50 per cent. I don't think it should take more than three-four years to reach the milestone," said D P Singh, Joint CEO, SBI Mutual Fund.
He said the growth in AUM is partly a result of the market rally. "Just to put things into perspective, mark-to-market gains accounted for a substantial portion of growth in AUM in recent years. The surge is not just because of the net inflows," he said.
Denne historien er fra November 08, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra November 08, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Reciprocal tariffs' may complicate US duty rate structure
The immediate reaction to the Trump-Modi meet in Washington is one of relief that any proposals for imposition of India-specific tariffs by the United States are on hold for the moment.
Deposit insurance offers silver lining
Customers pin hopes on 5 lakh insurance payout as RBI freezes withdrawals
TAKEOVER TANGLE
The eventful battle for Religare tests Sebi's Takeover Code
Punjabi speakers lead Indian asylum claims at US border
Study attributes the surge in Indian asylum seekers in the US to better opportunities overseas, pointing out that stricter policies may strain ties between two countries. ARCHIS MOHAN analyses
Foreign firms' tax burden hits record low in India
Corporation tax cuts, GST reforms, compliance measures behind decline in tax outgo
Women, welfare, rural schemes: Budget sets tone for Bengal polls
While Mamata Banerjee's party has started laying the groundwork to secure a fourth consecutive term in 2026, the BJP hopes to ride on its recent electoral successes. ISHITA AYAN DUTT writes
Dubious history of the presidential pardon
When it comes to pardons, presidents are kings,\" the legal journalist Jeffrey Toobin writes in his new book, The Pardon: The Politics of Presidential Mercy.
GenAI to Become Immersive Across Our Businesses
US investment bank Goldman Sachs was an early mover in India's technology ecosystem, setting up an office in Bengaluru in 2004 for IT and back-office support. In two decades, its operations have grown to cover a wide range of banking functions. GUNJAN SAMTANI, co-chairman of Goldman Sachs, India, and country head of Goldman Sachs Services India, spoke with Avik Das in Bengaluru about Indian engineers and Generative AI (GenAI) in banking. Edited excerpts:
One small step for AI, one giant leap likely for India's footwear market
Reebok co-founder in talks with factories in India to manufacture curated footwear
AI Triggering Shift in HR Depts of Firms
Artificial Intelligence (AI), while reshaping workplaces and redefining efficiency, is also changing the organisations' human resources departments. From recruitment to lead generation and real-time performance audits, companies are fast-tracking AI adoption to streamline core human resource functions.
