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.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición August 19, 2024 de The New Indian Express.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Chasing his red-ball dream, keeper-batter Jaker lands in India
POSTED as a Naik with Bangladesh Army, Showkat Ali of Habiganj district in Sylhet division, Bangladesh was not fond of cricket.
Rahul or Sarfaraz: Middle-order conundrum
Captain Rohit hints at senior batter’s return in the first Test against Bangladesh starting in Chennai on Thursday
Asiad medallist fails dope test, Bajrang's name goes missing
Hangzhou Asian Games bronze medallist Kiran Baliyan figures among some of the top athletes who have tested positive for banned substances and have been provisionally suspended. this has been updated on the website of the National Anti-Doping Agency provisional suspension list as on 11.09.2024.
Olympiad: Indian men meet China; women face Georgia
ON a roll after six consecutive victories, the Indian men's and women's teams will take on China and Georgia respectively in the seventh round of the 45th Chess Olympiad here on Wednesday, aiming to consolidate their lead and inch closer to maiden gold medals at the prestigious event.
India win fifth ACT hockey title
A DETERMINED india claimed their fifth hero Asian Champions trophy title with a fighting 1-0 victory over hosts China here on tuesday, completing a display of absolute dominance in the tournament in which they won all their matches. Defender Jugraj Singh scored a rare field goal as the defending champions toiled hard before getting the better of their opponents.
100 days of commerce min under Modi 3.0
KEY initiatives launched by commerce ministry over the past 100 days include launch of Trade Connect e-Platform, which connects over 600,000 Import Export Code (IEC) holders with experts, banks, and export promotion councils.
'Hindalco Ind ramping up copper output'
ADITYA Birla Group flagship company Hindalco Industries, India's largest copper producer, has said that it is ramping up capacities, building new capabilities and innovative products as copper becomes a critical manufacturing component in India's transition towards a developed economy and net zero emissions.
Lenovo launches Infra R&D Lab in Bengaluru
LENOVO on Tuesday launched a new infrastructure R&D lab in Bengaluru, which will be one of its four critical labs globally after Morrisville, Beijing, and Taipei.
'B'deshi crisis doesn't have much impact on India trade'
THE recent developments in Bangladesh that have led to the creation of new junta-led government haven't had any significant impact on India's trade so far and going forward, the effect will vary based on industry/ sector-specific nuances and exposure, according to India Inc.
Semicon mission launch in next six months: Minister
THE government will launch the next phase of India Semiconductor Mission in the next six months, said Electronics and Information Technology minister Ashwini Vaishnaw on Tuesday.
