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Rs 100 lakh cr by 2030: PMS, AIFs are next big bet for wealthy investors

Business Standard LogoBusiness Standard2w ago

Rs 100 lakh cr by 2030: PMS, AIFs are next big bet for wealthy investors - Business Standard

Quick Summary:

As of now, in FY25, they’re managing a combined total of Rs 18.87 lakh crore, split between PMSes (around Rs 7 lakh crore) and AIFs (around Rs 12 lakh crore).

If this growth trajectory continues, the overall industry is projected to surpass Rs 100 lakh crore by 2030, marking an over five-fold increase  in just six years.

An AIF is a pool of money from multiple investors, managed by a fund manager, and invested in alternative assets—things that aren't the usual stocks or bonds.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-03 @ 12:14:51 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 704 words

Reading Time: 4 minutes read

Sentences: 32 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24083111

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 109 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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Publisher ID: #49

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