| Author |
Message |
kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
|
   Posted: 10/Mar/2008 at 10:51pm |
The total assets under management (AUM) in India would grow by 33 per cent every year to reach as much as $440 billion by 2012 with mutual funds and portfolio management services as key drivers, a survey showed.
Besides, the overall economic growth will attract participation from the international investment community across retail and institutional segments, consultancy firm McKinsey & Co, which conducted the survey, said in a report on Monday.
The retail segment would grow by between 36 percent and 42 percent annually to $160 billion to $200 billion by 2012 while institutional investments would grow by 25 percent to 33 percent annually to $160 billion, it said
"Certain new products such as real estate mutual funds and dedicated infrastructure funds have the ability to significantly add to the industry growth," Naveen Tahilyani, partner at McKinsey was quoted in a statement.
However, as competition increases in mutual funds, prices will be rationalised and, in turn, reduce the overall profit margins, McKinsey said in the report
|
|
|
Life can only be understood backwards—but it must be lived forwards
|
 IP Logged |
|
|
|
 |
|
tigershark
Senior Member
Joined: 13/Oct/2006
Location: India
Online Status: Offline
Posts: 3542
|
Posted: 10/Mar/2008 at 6:16am |
|
good for cos selling these products and businessses in amcs
|
|
understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
|
|
IP Logged |
|
|
|
kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
|
Posted: 05/May/2008 at 5:56pm |
MF industry is going the US way
The awareness has increased
significantly. That is benefiting lot of new players. The entry of
investors from Tier II and Tier III cities and newer sections from the
metros has broadened the market,”
Dasgupta sees the industry moving the US way, wherein the leading
mutual fund player has a market share of less than 2%.
“At this stage, I don’t see much of an overlap happening.
Mutual fund as a product is far superior than Ulip. Mutual funds allow
lot more liquidity and the basket of choice is wider. I feel over time,
MFs will create their own space, |
|
|
Life can only be understood backwards—but it must be lived forwards
|
|
IP Logged |
|
|
|
kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
|
Posted: 05/May/2008 at 6:06pm |
Mutual fund assets jump 7% in April
The combined assets under
management of all the fund houses soared to Rs 5,65,441.03 crore at the end of
April as against Rs 5,28,857.07 crore in the previous month
Reliance
Mutual fund, which had also seen its assets fall in the previous month, retained
its position as the top fund house in the country.
|
|
|
Life can only be understood backwards—but it must be lived forwards
|
|
IP Logged |
|
|
|
kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
|
Posted: 11/May/2008 at 3:02pm |
It's brand name that works for mutual funds
Brands are useful mainly for raising money from investors, while investment performance is adjudged by the market conditions
|
|
Life can only be understood backwards—but it must be lived forwards
|
|
IP Logged |
|
|
|
CHINKI
Senior Member
Joined: 07/Feb/2007
Location: India
Online Status: Offline
Posts: 2827
|
Posted: 01/Jun/2008 at 12:49pm |
FINANCIAL SERVICES COMPANIES EYE MUTUAL FUND INDUTRY
Depressed market or not, over 15 financial services institutions are warming up to take the plunge into the Indian mutual fund industry over the next one year. The idea of these neo-asset management companies (or AMCs) is to commence their fund business at a time when the market is in a lull phase, set a track record for themselves and go full throttle when the market begins to steam up, industry officials said.
If industry sources are to be believed, Goldman Sachs, Shinsei Bank, DLF Prudential, Nippon Asset Management, BoB Pioneer, Indiabulls, IDBI, Edelweiss, Motilal Oswal, Anand Rathi, Religare, RSM Ambit, Schroders UK, India Infoline and Future Capital are all set to launch mutual funds in India.
Currently, the MF industry has Rs 5.67 lakh crore of assets under management. As per data released by Association of Mutual Funds in India, the asset base of all mutual fund combined has risen by 7.32% in April, the first month of the current fiscal. As of now, there are 33 fund houses in the country including 16 joint ventures and 3 wholly-owned foreign asset managers.
Operating profits for AMCs in India, as a percentage of average assets under management, were at 32 basis points in 2006-07, while the number was 12 bps in UK, 17 bps in Germany and 18 bps in the US, in the same time frame, the McKinsey report said.
Starting a fund house is easy; but retaining investors is tough. Only the best ones — with good pedigree, distribution network, product USP and performance — will survive. Plain vanilla MF products will drive the growth as a plethora of new customers are expected to enter the market in the next five years.
Industry sources opine that currently 75% of the AUM and about 95% of retail profits come only from 12 Indian cities (metros included). However, with increasing investments by players, McKinsey expects the share of top eight cities to come down to 60% and profits to come down to about 80% as the next-tier cities show the potential to grow at a faster rate.
SOURCE :ET
|
|
TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO
|
|
IP Logged |
|
|
|
johnnybravo
Senior Member
Joined: 17/Jan/2007
Online Status: Offline
Posts: 533
|
Posted: 02/Jun/2008 at 12:31pm |
I met a close friend who is associated with one of the top MF's in India. He is one of those guys who are supposed to recommend new finds to the Fund Manager. I was shocked to hear from him that 90% of the MF industry's so called experts (whom people admire so much on the television) actually take bets purely on Technicals! May be the figure was exaggerated but I am worried even if 50% folks do that. 
|
|
Saab Moh Maya hai!
|
|
IP Logged |
|
|
|
CHINKI
Senior Member
Joined: 07/Feb/2007
Location: India
Online Status: Offline
Posts: 2827
|
Posted: 02/Jun/2008 at 12:37pm |
|
Johny, could you check with your friend whether these MF Fund Managers are still sitting with cash??
During his last interview, Mr. Samir Arora was ridiculing MF Manageers for sitting idle with cash.
|
|
TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO
|
|
IP Logged |
|
|
|
Active Topics
Memberlist
Calendar
Search
Help
Register
Login
