Friday, September 20, 2024

Business

Aum Industrial MF Industry can reach Rs 90 trillion in 2030, said Jefferies’s Chris Wood

Aum Industrial MF Industry can reach Rs 90 trillion in 2030, said Jefferies's Chris Wood

The total assets under the management of Indian Mutual Fund Industry can cross RS 90 trillion at the end of this decade, said Christopher Wood, Head of Global Equity Strategy at Investment Bank based in US Jefferies. In accordance with January data, the total AUM industry reached Rs 34.10 trillion.

In recent greed & fear noting Jefferies, wood said growth potential was also illustrated by the fact that mutual fund assets under management were only 16 percent of GDP, which was far below many countries.

In this case, HDFC asset management is an interesting investment game, the word greed & fear said, adding that no, for now, has a home fund registered in India in a new Indian portfolio.

Many countries see a surge in retail investors because of a pandemic. AMFI data recently showed that from 26.51 fresh accounts were added, the number of SIP accounts crossed 5 crores, for the first time in history.

The story here is clearly more services facing consumers and products that will be online. Of course there is a dramatic surge in retail investor accounts. They have multiplied from 35 million at the end of March 2019 to 77 million on November 2021, Greed & Fear Report added.

The Indian Office Jefferies, based on the analysis of the BSE500 share ownership data, estimates that domestic retail ownership (including mutual funds and retail investors) in the stock market rose to a multi-year high of 17.3 percent at the end of 2021, up from 11.4 percent at the end of 2014 .

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