INSUBCONTINENT EXCLUSIVE:
safety, liquidity and return in the given order.
The fund house has also been among the pioneers of ESG (environmental, social and corporate
fund house aims to be the money manager to the nation
crore customers.
Bhatia agrees that with a customer base of 1 crore, his unit has barely scratched the surface
infrastructure lender IL-FS last year
This squeezed out cash from the market, leaving non-bank lenders dry of cash to refinance their short-term debt.
Mutual fund houses that
lent to many of these shadow bankers also took a hit on the NAVs (net asset values) of select debt fund schemes because of delay in
repayments and interest servicing.
But Bhatia says his schemes did not take a big knock from the crisis
investors than equity schemes this year
Bhatia, whose earlier assignment was to revamp the corporate credit structures and processes at SBI, said the debt crisis was not peculiar
These things happen, and happen all over the world
In India, it may have started with the fall of one of the very big NBFCs
For the economy to grow, you need a very good NBFC system
In last five year numbers, bank deposits have grown at 9-9.5 per cent, while MF industry has grown asset under management at a CAGR of 19
gold or real estate, total asset under management (AUM) of the MF industry grew from Rs 9.1 lakh crore in October 2014 to Rs 26.32 lakh
crore in October 2019.
Bhatia said a 135 bps reduction in repo rate over the past few months has created a Rs 2 lakh crore surplus liquidity
Equity markets are up, but bond yields are down
Where will this money go? It would have to go into equity
it likely to hit the market in about two years
This is being talked about and discussed
fund management segments for launch in the near future
largest fund house in India
Its equity AUM at Rs 1.56 lakh crore was the largest in India.
Enough opportunity despite bad conditionDespite difficult market conditions
Thanks to a constant flow of nearly Rs 8,200-odd crore per month, total AUM of MF industry has skyrocketed.
He expects the SIP number to
People are willing to experiment
They are willing to take that extra risk and live with all the turmoil or volatility that are part and parcel of equity investing
Good omens for fintech playersThe fund house executive said there is a bright future ahead for new fintech players that have come into the
distribution space like Paytm, ETMoney
Fintech will play a bigger role
They will be a force to reckon with in the way distribution is going to happen
through an adviser initially.
India on the path to becoming a $5tn economyThe Indian economy is going through a slowdown and analysts across
the world have forecast further downside, but Bhatia believes India is on course to becoming a $5 trillion economy in 4-5 years
Sensex is above 40,000, Nifty is near 12,000
The worst has already been factored in
