Rs 100 trn AUM? Just 3-4 years away, say mutual fund CEOs at BS BFSI Summit

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Rs 100 trn AUM? Just 3-4 years away, say mutual fund CEOs at BS BFSI Summit - Business Standard

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On the topic of SIP, DP Singh, deputy managing director at SBI Mutual Fund, said that in October, SBI Mutual Fund saw a 4 per cent increase in SIP contributions compared to September, despite market volatility.

On distribution networks for AUMs, Munot said, "Any asset management company with an interesting proposition has benefitted from the wider distributor community." He emphasised that effective engagement with distributors allows asset management companies to reach a broader audience and enhance their growth potential.

She also highlighted the evolving diversity within the industry, where "45 mutual funds and 20 more are waiting to get licences, most of which are not bank-backed." Gupta remarked, "I don’t think distribution is only bank-backed.