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.
Bu hikaye The New Indian Express dergisinin August 19, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The New Indian Express dergisinin August 19, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Walkie-Talkie Explosions In Second Wave Of Attacks
14 people killed, 450 other Hezbollah militants wounded in Wednesday’s blasts in Lebanon
Best style is the style that wins: Head coach Gambhir
ROHIT Sharma is batting in the nets at the MA Chidambaram Stadium on Tuesday afternoon.
REAL TEST BEGINS FOR INDIA
On the eve of opening tie in Chennai, coach expects his wards to rise to the occasion
Bagan play out draw vs FC Ravshan
MOHUN Bagan started their AFC Champions League Two campaign on a frustrating note, playing out a goalless draw against Tajikistan's FC Ravshan at the Salt Lake Stadium here on Wednesday.
Gukesh, Vantika, Vaishali heroics as India top
D Gukesh removed his gloves, picked up a knife and prepared an ambush.
Zee refutes Star's ₹8,000 cr damage claims
IN the ongoing feud between two media houses, Zee Entertainment on Wednesday refuted all claims by Star India Private Limited, including the $940 million, or nearly ₹8,000 crore sought in damages.
SpiceJet QIP gets huge response, overbooked
SPICEJET'S 3,000 crore qualified institutions placement (QIP) has received an overwhelming response and attracted investment from family offices of Madhu Kela, Akash Bhanshali, Sanjay Dangi, and Rohit Kothari.
CAs call for work-life balance on EY employee's death
CHARTERED Accountants have called for work-life balance in Big 4s after a mother claimed her 26-year-old daughter, Anna Sebastian Perayil, died of excessive work pressure.
Ministries in talks on steel imports from China
THE steel ministry is in talks with the finance ministry to address the issue of rising imports of steel from China, according to minister HD Kumaraswamy.
'E-Drive scheme to accelerate EV adoption'
HD Kumaraswamy, Union heavy industries minister, said on Wednesday that the newly approved PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM e-Drive) scheme is set to accelerate the adoption of electric vehicles (EVs) via substantial upfront incentives and development of crucial charging infrastructure.