Asset managers, advisers and distributors in India say planned rules to separate provision of investment advice from sale of mutual funds will hamper investment industry growth.
UK Sinha, head of India’s securities regulator, counters criticism it has not done enough to facilitate investor engagement at home and abroad, accusing certain jurisdictions of protectionism.
The chief of India’s securities regulator, U.K. Sinha, says 44 domestic fund firms is too many, noting there are too many me-too types of companies.
Sinha reveals his expectation that a move into securities investing by pension fund EPFO will finally spark broader opportunities for asset managers.
Evidence of progress and sustainable growth combined with demographic fundamentals gives grounds for optimism about Indian asset management, says Crisil CEO Ashu Suyash.
Incoming measures easing the regulation of depositary receipts could overcome the high cost of foreign direct investment, new research suggests. But foreign investors still face formidable challenges.