Evidence of progress and sustainable growth combined with demographic fundamentals gives grounds for optimism about Indian asset management, says Crisil CEO Ashu Suyash.
Assets in India's funds industry have soared in value over the past 20 years, but managers are looking to better regulation and new opportunities in pensions in order to maintain the robust growth rate.
CLSA loses global trading head; L&T’s India CEO joins Crisil; CME hires regional chief; Vontobel adds RMs; Morningstar bolsters equity team; Mitsubishi UFJ appoints CEO; RBC poaches RMs from UOB; CBRE names Pacific head; and Wealth-X unveils Asia boss.
India's securities regulator has increased industry consultation and responded to concerns by introducing a number of key amendments and proposals, raising fund managers’ optimism.
AsianInvestor polled senior Indian asset managers to gauge their views on the government's unexpected move to open the country’s mutual funds industry to direct foreign investment.
Ashu Suyash, India country head for Fidelity International, says distributor remuneration for mutual funds is unfavourable and hampers industry growth. She urges regulators to level the playing field.