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

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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.

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Category: BusinessFinance

Markets: India

Topics: BS BSFI Retail investors Rs 100 trillion AUM Investor base Nilesh Shah A Balasubramanian Business Standard BFSI Insight Summit Mutual fund CEOs Asset management companies Equity market Navneet Munot Distribution networks HNI SIP Radhika Gupta

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 11:59:00 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 728 words

Reading Time: 5 minutes read

Sentences: 24 lines

Sentence Length: 31 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23458072

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