|11th March 2008, 11:41||#1|
Senior - BHPian
Join Date: Jan 2008
Thanked: 153 Times
McKinsey: Indian Asset Management Biz To Grow 3-Fold To $440 Billion By 2012
Asset management business will be a booming biz, if this study by McKinsey & Co is anything to go by. The global management consultant said that 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. These funds will be managed by mutual funds and portfolio management services companies.
It further said that the retail segment would grow by between 36 per cent and 42 per cent annually to $160 billion to $200 billion by 2012, while institutional investments would grow by 25 per cent to 33 per cent annually to $160 billion. Reuters quotes Naveen Tahilyani, a partner at McKinsey, as saying that “real estate mutual funds and dedicated infrastructure funds have the ability to significantly add to the industry growth”.
India currently has 33 fund houses, which managed $141.12 billion at the end of February, according to the Association of Mutual Funds in India.
Recently Stadard Chartered Bank Plc sold its mutual fund business to IDFC for $204 million, and it commanded a valuation of 5.6 per cent of the AUM
Source: India fund assets to reach $440 bln by 2012 - McKinsey | Reuters
|11th March 2008, 12:48||#3|
Senior - BHPian
Join Date: Jul 2007
Thanked: 3,774 Times
Good PR copy! Why not list the page long assumptions that'd be a sine-qua-non for the same as well?
|Thread Tools||Search this Thread|
|Thread||Thread Starter||Forum||Replies||Last Post|
|Ford India opens second ASSET Technical Training Center||NPV||The Indian Car Scene||0||25th November 2014 20:22|
|SIAM expects Car Sales to grow by 10-12% in 2012-2013||jalsa777||The Indian Car Scene||2||16th April 2012 15:49|
|McKinsey report on Indian automotive Aftermarket Industry||gkoneti||The Indian Car Scene||0||27th November 2010 11:50|
|Asset Hyundai Service takes me for a small ride....||clix22||Indian Car Dealerships||3||4th June 2010 10:22|
|The illegal biz of bike modification - Article on IBNLive||rangaraj||Modifications & Accessories||11||14th December 2006 12:46|