The mutual fund industry is going through a lot of crisis. New money is not coming in, people from other industries are not too keen to join the industry, aum is falling. Of the new money that is coming, it is clear that the older and bigger funds are doing well, but the smaller ones are not able to collect money.
On the other hand there is tremendous poaching internally – and salaries are keeping pace with the other parts of the BFSI if not with the whole Indian corporate.
If you think it is a contradiction you are wrong. Most of the promoters are big rich companies who do not mind losing a couple fo 100 crores …just to say ‘we have the full range of financial services’….anyway read..what Sucheta Dalal and Debashis Basu have to say about the A.U.M…interesting.
Post Footer automatically generated by Add Post Footer Plugin for wordpress.